If you’re looking for a bargain on a house, but you’re living in a housing market that is out of your price range, here is a list according to Forbes .com
- Salt Lake City, Utah
- Raleigh, NC
- Orlando, FL
- Charlotte, NC
- Phoenix, AZ
- Seattle, WA
- Las Vegas, NV
- Jacksonville, FL
- Richmond, VA
- Houston, TX
I can speak with Jacksonville from experience. I live in Jacksonville right now, and you can definitely pick up a nice 3 or 4 bedroom, 1,800 square foot house for $175,000 to $200,000. That’s still a little high for some, but it’s a good deal for Florida. My wife and I will be looking to buy a house soon, so that is why I was intrigued by this web page. I was glad to see Raleigh and Charlotte, because those are two places that we have been talking about possible areas to settle down and raise a family. I was a little surprised to see Phoenix and Las Vegas on there, because I know those are two areas getting hit hard with foreclosures. Just because there are a lot of foreclosures, doesn’t mean you can find a bargain. Many foreclosures are from loans of less than 3 years old that were interest-only, no-money-down loans at an inflated price. But, I also know that these areas had significant decreases in home values, back to normal levels. I was also surprised not to see Atlanta on there, because I know you can get good deals just outside of Atlanta on houses.
Are any of you from these cities? Post a comment about your opinion on the housing market in your area. Do you think you live in an affordable, urban area? Let us know!
