Charlotte, NC Ranked #2 for Best Places to Buy in 2010 by Forbes Magazine
Forbes magazine computed the premium and also identified locales where
economists predict home prices will go up the most over the next five years.
Charlotte/Concord/ Gastonia was #2 in the nation…See link below
from Realtor.com
http://www.realtor.org/RMODaily.nsf/pages/News2010012201?OpenDocument
For people who want to own a home,
the premium to buy—the spread between what they’d spend to rent and what they’d
pay for a mortgage—is much lower than the 15-year average in many
cities.
To determine what cities are smart
buys, Forbes magazine computed the premium and also identified locales where
economists predict home prices will go up the most over the next five years.
Here are the top 10 cities the
magazine chose as the best places to buy right now.
- Boston-Cambridge-Quincy, Mass.
- Charlotte-Gastonia-Concord, N.C.-S.C.
- Chicago-Naperville-Joliet,
Ill.-Ind.-Wis.
- Cincinnati-Middletown,
Ohio-Ky.-Ind.
- Denver-Aurora-Broomfield,
Colo
- Minneapolis-St. Paul-Bloomington, Minn.-Wis.
- Philadelphia-Camden-Wilmington,
Pa.-N.J.-Del.-Md.
- Portland-Vancouver-Beaverton, Ore.-Wash.
- San
Francisco-Oakland-Fremont, Calif.
- Washington-Arlington-Alexandria,
D.C.-Va.-Md.-W.V.
Source: Forbes,
Francesca Levy (01/21/2010)