Wednesday, July 16 2008
Below is the list of Top 10 Cities to buy a home according to Forbes. Although Evansville has not made the list year we may be on the list in the future. On the positive side, Evansville is among the best 100 cities to live.
Top 10 Cities to Buy a Home
Financially, at least, the best places to buy houses are those where buying costs less than renting, tax incentives are attractive, and there’s an opportunity to build equity.
Forbes magazine surveyed the 40 largest metropolitan area housing metrics looking for cities where home prices have appreciated over the last two years. It also measured vacancy rates. And it gave extra points to cities where rents are significantly higher than a buyer would pay for the same home.
Texas dominated the magazine’s list because of its healthy job market and growing tax revenues.
Here are the 10 cities that topped Forbes’ best-places-to-buy list:
San Antonio, Texas
Source: Forbes, Maurna Desmond (07/14/08)