I've been saying all year that we are SO lucky here in Albuquerque, NM, because our housing market has remained much stronger than the market in most of the rest of the country. Our home prices have remained pretty stable, and our foreclosure rate is much lower than in most other areas.
And it seems I'm not the only one noticing! Forbes magazine just published an article rating Albuquerque as the #1 Place Where Home Prices Are Likely to Rise!
Yep, they considered the entire country, and found Albuquerque the best bet for real estate investment!
Homebuyers and investors, are you listening? You should be!
This analysis was based on specific economic information.
For instance, analysts at Moody's Economy.com project Albuquerque's job growth through 2012 at an average annual rate of 1.6%, fueled in large part by its low costs and local business expansion. Also, the National Association of Home Builders (NAHB) expects housing starts in the city to reverse course in 2009, growing by 26.6%.This means builders have high hopes for 2010 and 2011, when those homes will be completed and on the market.
For more details about why you should be buying Albuquerque real estate now, see details at the links below:
See more details on why Forbes rates Albuquerque the best bet for real estate investment right now!
Click here to see the full video from Forbes!
Take a virtual tour of Albuquerque
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