Wednesday, October 14, 2009
There are some areas in the country that are better poised and stand apart from others. While analyzing the areas, some of the variables that are kept on mind are: average savings on foreclosure purchase, home price appreciation, recent home sales and inventory, job market and unemployment rate, vacancy rates, school district and crime rate.
After analyzing these factors, there are 10 locations that offer good investment opportunities.
Top 10 list of metropolitan statistical areas around the country that offer good opportunities for foreclosed investors are as follows:
Binghamton, N.Y.
Average savings on Foreclosure Purchase: 50.59 %5-Year Price Appreciation: 43.64 %
Year-over- year Employment Growth: 0.06 %
Augusta County/Richmond, Va.
Avg. Savings on Foreclosure purchase: 67.62 %5-Year Price Appreciation: 40.35 %
Employment Growth: 0.60 %
Syracuse, N.Y.
Avg. Savings on Foreclosure Purchase: 68.91 %5-Year Price Appreciation: 34.69 %
Employment Growth: 0.20 %
Yakima, Wa.
Avg. Savings on Foreclosure purchase: 71.37 %5-Year Price Appreciation: 34.51 %
Employment Growth: 1.10 %
Hickory/Lenoir/Morganton, N.C.
Avg. Savings on Foreclosure Purchase: 71.42 %5-Year Price Appreciation: 23.79 %
Employment Growth: 0.10 %
Kingsport, Tenn.Va.
Avg. Savings on Foreclosure Purchase: 71.84 %
5-Year Price Appreciation: 33.41 %
Employment Growth: 0.40 %
Columbia, S.C.
Avg. Savings on Foreclosure Purchase: 72.70 %5-Year Price Appreciation: 30.08 %
Employment Growth: 0.10 %
Charlotte, N.C.
Avg. Savings on Foreclosure Purchase: 74.69 %5-Year Price Appreciation: 31.03 %
Employment Growth: 2.10 %
Provo, Utah
Avg. Savings on Foreclosure Purchase: 77.78 %5-Year Price Appreciation: 51.04 %
Employment Growth: - 0.60 %
Beaumont/Post Arthur, Texas
Avg. Savings on Foreclosure Purchase: 78.42 %5-Year Price Appreciation: 31.46 %
Employment Growth: 0.10 %
posted by Avoid foreclosure, We buy houses, Stop foreclosure
@ 5:35 AM
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