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Best Places To Buy A Second Home In The United States
or those of you who are home.
wary of buying a second
home given the current slow At the number one position is
down in the U.S. real estate Bath, located in Beaufort County,
market, a recent report by North Carolina (Greenville, N.C.
RealEstateJournal.com provides metro area). With a metro median
some encouraging information. home price of $118,100 and a very
low price change of 35.7 % over
The journal has come up with the the last decade, this locale is
top twelve locations for second the most attractive place right
homes based on data from now to invest in a second home.
Economy.com. The editors selected The Greenville metro area will
various locales across the have a projected increase in
country based on factors that employment by 13.1 % in the next
were appealing for second 5 years to come, which is almost
homebuyers. Locales where home double the national average of
prices rose at a much lower rate 6.4 %.
than the national average of 84.3
% over the past ten years from The second best location for
1996 to 2006 were chosen. Other second homes is Blairsville,
criteria that were taken into Georgia of the greater metro area
consideration include favorable of Cleveland, Tennessee. The
employment opportunities, metro median home price is
availability and choices of $117,300 and the area saw a price
vacation homes and proximity to change of 50.7 %. It is
recreational and cultural forecasted that the metro
opportunities. employment rate will increase by
9.8 % in the next 5 years.
The following are the top 12
metro areas for buying a second The third on the list of top 12
second home locations is Driggs, Idaho (Idaho Falls,
Clarksville, Virginia (Durham, Idaho) is at sixth position with
N.C. metro area). The metro a median home price of $118,600
median home price at the second and a price change of 46.9 %. The
quarter of 2006 was $175,300. The projected metro employment
area had a price change of 58.1 % increase for the next 5 years is
over the last 10 years and is at 9.6 %.
expected to have a 10 % increase
in employment. Eureka Springs, Arkansas
(Fayetteville-Springdale-Rogers,
Cloudcroft, New Mexico (Las Ark.-Mo.) is the 7th best locale
Cruces, N.M. metro area), at with a median home price of
fourth position has a median home $133,800 and a price change of
price of $128,600 and experienced 59.1 %. The projected metro
a price change of 58.7 %. The employment increase for the next
area is to have a projected metro 5 years is at 10.8 %.
employment increase by 15.7 %
much above the national average Heber City, Utah (Provo-Orem,
of 6.4 %. Utah) at 8th position has a
median home price of $181,000 and
Dadeville, Alabama a price change of 37.7 %. The
(Auburn-Opelika, Ala.) comes next projected metro employment
with a metro median home price of increase for the next 5 years is
$128,600 and a price change of at 9.9 %.
57.8 % over the last 10 years.
The general metro area's Helen, Georgia (Gainesville, Ga.)
employment prospects are expected is at 9th position with a median
to increase by 11.5 % in the next home price of $156,600 and a
5 years. price change of 58.9 %. The
projected metro employment
increase for the next 5 years is
at 8.9 %. Rounding out the top 12 places to
buy a second home is Steamboat
At 10th position is Jemez Springs, Colorado, (Fort
Springs, New Mexico (Albuquerque, Collins-Loveland, Colo.) with a
N.M.) with a median home price of median home price of $196,100 and
$179,600 and a price change of a price change of 52.5 %. The
53.1 %. The projected metro projected metro employment
employment increase for the next increase for the next 5 years is
5 years is at 11.7 %. at 11 %.
South Padre Island, Texas If you are interested in buying a
(Brownsville-Harlingen, Texas) is second home, be sure to seek out
at 11th position with a median the services of a real estate
home price of $631600 and a price agent who is knowledgeable about
change of 29.6 %. The projected local market conditions and
metro employment increase for the trends.
next 5 years is at 14.6 %.
About the Author:
San Diego Condos
University City Real Estate
Carmel Mountain Homes
Read more articles by: Real Estate Advisor
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