Tuesday, June 21, 2011

Has Your Home Value Recovered?

The national numbers aren't good, but in some places, the news is better.  SMARTMONEY article from June 20, 2011 on the national housing market featuring two college towns that have recovered:  Cambridge, Massachusetts, and sprawling Denton, Texas.   These towns never experienced the huge price runups that Florida, Nevada or California did in the first place.  Zillow estimates Denton is down 7.4% from their peak while Cambridge is down 8.6% from their peak.
According to the article, the three most important things to consider when buying a house are:   Jobs. Jobs. Jobs.

Read the full article on the housing recovery including Jacksonville, Durham, and Fayetteville in North Carolina: http://www.smartmoney.com/spend/real-estate/has-your-home-value-recovered-1308588485550/

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