CNNMONEY.COM-A SERVICE OF CNN Forturne

The best place to buy a home these days

The 6 cities where home prices are likely to rise the most - or fall the least - in the next 12 months.

 

1. Atlanta

Average home price in Alpharetta $359,950*   

Frenzied home building here has stalled, which should start to reduce the area's large supply of vacant housing and propel prices upward.

 

2. Boston

Average in Waltham: $406,000:

One of the first places to experience the downturn, Beantown also appears to be among the first to rebound: In the last quarter of 2007, prices rose 1%.

 

3. Cincinnati

Average in Mariemont: $354,800:

The city's manufacturing-heavy economy should benefit from the falling dollar. Commercial building is up, and high-end developments are moving in.

 

4. Cleveland

Average in Shaker Heights: $146,100:

Ground zero for foreclosures seems to be benefiting from all those plans to help troubled borrowers. Prices have stabilized and look ready to rise.

 

5. Detroit

Average in Farmington Hills: $215,000:

At an average price-to-rent ratio of 15, a buyer theoretically gets nearly 7% of his purchase back every year. The average P/R ratio for the 30 biggest markets: 23.

6. Houston

Average in Sugarland: $180,600:

Skyrocketing oil prices bode well for real estate here. In the fourth quarter of 2007, prices rose 1.4% - the fastest of all the metro areas we analyzed.

---

Atlanta Homes For Sale

This site is CENTURY 21 ATLANTA GEORGIA –GA, A full service real estate broker serving Georgia. Clayton County, Henry County, Rockdale County,  Fulton County, Dekalb County , Fayette County, Gwinnett County, Clayton County, Atlanta, Ellenwood, Decatur, Snellville, Loganville, Lawrenceville, Lilburn, Duluth , Dunwoody, Tucker, Clays ton ,  Lithonia, Stone Mountain, Marietta, Roswell, Alpharetta,  Hampton, Lovejoy, Stockbridge, College Park, Riverdale, Jonesboro, Fayetteville, Buckhead,  Lithonia, McDonough, Covington, Conyers, Peachtree city.  Midtown, Atlanta homes for sale, real estate investment, Atlanta new homes guide, Atlanta real estate resource,

ATLANTA CENTURY 21 REAL ESTATE

Equal Opportunity Company. Each Office is Independently Owned and Operated

 

Remember to Contact me at: atlantahomes@live.com for all you real estate need ( residental or Cemmercial).

 

Quote of the Day.

“The time to buy real estate is when the market is down. The time to sell real estate is when the market up”

Luther Ragsdale -Platinum Realty  Broker Owner.