Tuesday, July 12, 2011

Affordable housing: Realty Metro Areas in the National 10 Most Cheap & Livable

!±8± Affordable housing: Realty Metro Areas in the National 10 Most Cheap & Livable

The 10 most livable and most affordable real estate metro areas in the United States have a number of other positive characteristics in common, according to a new hunting lodge in the survey "Current Real Estate market conditions," House Hunters, Inc. , a consumer-oriented Internet companies have the freedom of information is provided by thousands of homeowners, buyers and sellers house to house throughout the country. The survey shows that median home prices ranging from $ 130,100 to $ 194,400 for existing homes for sale andalso found:

o Most of the 10 metropolitan areas reporting well-to-balanced active real estate market, with sellers usually always 95% or more of their bid prices. Inventories of unsold homes are usually limited.

o Most of the 10 metropolitan areas are a strong labor and population growth and good economic news. They offer a quality lifestyle, good schools and solid family recreation, as well as other amenities. Sales data show that many recent home buyers are movingother, often more expensive areas.

o Pull all 10 metropolitan markets, both primary and move-up buyers because of affordable prices, low mortgage rates and multiple financing options.

The median price of existing houses or for single-family homes in 10 metropolitan areas between $ 130,100 and $ 194,400, compared to the national average house price $ 188,800. Four of the 10 areas of double-digit price increases over the past 12 months.

o All 10 metroAll major universities are located there.

Five of the 10 metropolitan areas or are destinations. Nine of the 10 metropolitan areas are found in warm temperate climates.

The 10 metropolitan areas more livable and most affordable on the basis of "Places Rated Almanac" (David Savageau) and the recent quarter median sale price figures from the National Association of Realtors has developed, together, are determined:

1 Salt Lake City, Ogden, UT $ 157,000

2 Tampa-St.Petersburg-Clearwater, FL $ 172,800

3 Raleigh-Durham-Chapel Hill, NC $ 175,600

4 Houston, TX $ 138,100

5 Phoenix, AZ $ 193,800

6 Cincinnati, OH, $ 139,600

7 Louisville, KY $ 130,100

8 Austin-San Marcos, TX $ 154,100

9 Orlando, FL $ 194,400

10.Nashville, TN $ 152,100

Four of the 10 metropolitan areas - Tampa-St. Petersburg-Clearwater, Raleigh-Durham-Chapel Hill, Nashville and Austin-San Marcos - are also listed in the latest edition of Lee and SaraleeRosenberg "50 fabulous places for your family to set" (Melissa Giovagnoli). How Savageau, the authors give good grades in school, jobs and business opportunities, family fun, affordability of housing, livelihoods, environment, health, transport and quality of life.

Mark Jenkins of Realty Executives in Salt Lake City described the activity of accommodation in the metropolitan area as an "improvement" of a depressed market of buyers. "He said many buyers to take advantage of this out-of-state transferlifestyle and lower property prices. An average price of $ 157,000 will probably buy a house of 2,000 square feet with three bedrooms, two bathrooms and a garage for two cars to one-third or 1-4 acre lot in a good position. Highest house price appreciation is located near the University of Utah is in progress. Another hot spot is Park City ski resort in the nearby mountains.

An active housing market is reported in the Tampa-St. Petersburg-Clearwater metropolitan area by Linda Ippolito of Keller WilliamsRealty. He said the whole area is exploding with growth and new industries. Available housing is limited. Even if the average home $ 172,800 for median home prices in the entire metropolitan area are closer to $ 400,000 in South Tampa. Waterfront properties are also a higher price. Average price appreciation of 15.7% last year. Durham - - Chapel Hill metropolitan area by Ray Lenahan Robert Gray Realtors a slower pace, but the lifestyle of high-quality shows in Raleigh.

"TheOur biggest attraction is the Research Triangle, three major universities, excellent quality of life and moderate weather, "said Lenahan. He said the median price of home $ 175,600 in the metropolitan area is probably closer to $ 190 000 in its area the market. "That will buy a new house with 2,000 square feet with three bedrooms, two bathrooms on a plot of great and a half acres. Either that or it would be a bigger house in an established neighborhood to buy, "he added.

Houston, with his "do" entrepreneurial spirit andZero-to-liberal zoning draws people from east and west coasts to move and invest in rental properties, according to Kathi Frank of RE / MAX The Woodlands. The Woodlands is a community of 27 000 hectares under 27 miles north of downtown Houston. "Average prices of homes throughout the metropolitan area is $ 138,100," he said. "This is a new, 1,400 square feet home from a production builder in Houston or North Woodland to buy pens." He added, "are real propertyPrice from below $ 200,000 s to over $ 3,000,000. "

Reva Schafer of West USA Realty, has reported a limited inventory and a very active dealer market, with sellers usually at 100% or more of their bid prices. The average price for the metropolitan area is $ 193,800, "but it is hard to find anything under $ 300,000 in my neighborhood," said Schaefer. "It 'more like $ 350,000 to $ 400,000 as the average price in Scottsdale. Lots jump in price. So the houses." Year to year is the appreciation of 24.4%! Theircites a huge growth in the suburbs of Peoria and Chandler. "A year ago, investors were buying and flipping manufacturers (resale) properties. Not anymore. Currently live to qualify a buyer to be in the property for at least a year."

Good job growth, corporate relocations and improve the local economy leads the real estate market in metro Cincinnati, according Saralou Durham of RE / MAX Preferred Group. "We have fabulous culture and leisure facilities and a goodLifestyle of quality, "he said." A median price of home $ 139,600 seems a little 'less, depending on the area. This sum of money that will probably buy a small two-bedroom, one bath home needs some repair or alteration in one of our small suburban communities. "

In Louisville, Charlotte Wright and Michael McConnell of Evergreen Real Estate said in a suburb of Louisville, "Louisville is now the 16 largest metropolitan area in the nation, a hub for UPS and we have two Ford plants here are military ..Personnel stationed near Fort Knox and his family are moving here. The average price of $ 130,100 is probably low - $ 150 000 would be more accurate. The latter is to buy three bedroom, two bath home with 1,200 square meters with a garage in a good area. "

Ann Parr of RE / MAX Austin Advantage, said low-priced offers several full-price offers to attract a seller's market very active. Average time on market is 60-90 days. "We have young professionals who want to liveis near the center, but the primary place to live by the lakes, "he said. Prices range from $ 150,000 to $ 6,000,000." Nice houses for $ 250,000 to $ 350,000 can be purchased. The median price is $ 154,100 house in Austin. That would probably be a starter house for sale in the Austin area or a house to renovate in downtown Austin. Patio homes for retired people near Lake Austin to sell for $ 200,000. "

One of the hottest of the 10 metropolitan markets in the list is Orlando, according to Steve FarahRoyal Realty Group: "We are experiencing incredible growth and appreciation at home," he said. "Our sales market is so active that the voices sometimes last hours, not days. Buyers often must act now or it will be the property of being gone!" He believes that the average price of $ 194,400 is probably due to low demand and high inventories low. "An average price of $ 250,000 would be realistic and would be a three-bedroom, two bath home to buy with 1700-2000 square feet." Since thefirst quarter of 2004 estimated the average price of 28.7% at home.

Nashville, 10 square meter of surface area of ​​the list, offers a relaxed lifestyle, friendly and affordable real estate prices for newcomers to Mary Barbee of Coldwell Banker Andrews and Associates. In addition, there are no state income tax. "The average price of $ 152,100 seems low - it's more like $ 170,000, depending on the position would be a lot of money could buy a three bedroom, two bath new home with 1200-1500 square.Feet in the suburban communities of Madison and Smyrna, "he said. The average price for a home is the 11.3% last year in the metropolitan area of ​​Nashville.


Affordable housing: Realty Metro Areas in the National 10 Most Cheap & Livable

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