Had About Enough of the Mortgage Crisis Talk?
November 27th, 2007 categories: Columbus News, Real Estate News
Me too. Remember, despite the doom and gloom you read and hear everywhere, All Real Estate is Local. Locally, things aren't so bad. Especially in my wheelhouse - Columbus and suburbs inside the outerbelt. There are all kinds and degrees of Housing Market Problems out there but this caught my eye and made me think about how the country isn't really on the Highway to Hell.
Forbes Magazine, aka Forbes.com, published a piece about the top ten best and worst housing market cities. Between Number 10 of the Best Housing Market City, Portland Oregon (+5.2% over the previous year,) and the Number 10 Worst Housing Market City, Jacksonville Florida (-3.5% over the previous year,) there is a whopping 8.7% difference.
That means that the entire rest of the country falls somewhere in the middle. Is this really worth all the ink, headlines and hand-wringing? Maybe if you're Countrywide. Remember, many of these failed mortgages are tied to re-finances and home equity lines in addition to home sales.
Looking for a place to hang your hat? Email Me.
By the Way, Salt Lake City came out on top of the best housing markets this year.
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