Ask anyone. Buying a home in a "good" location is what you should do. But what's good for one person may not be ideal for someone else.
One factor to consider is whether the quality of a neighborhood is going up or down. When many homes in an area are for sale because of foreclosures, that might not signal a "down" verdict. If homes are of good quality, they will be resold and the neighborhood will again be stable. Those who buy now could get more for their money than they could get somewhere else.
Some other questions you might ask yourself or your real estate agent:
Any there any kids in the neighborhood? Families with young children will find this question important. They may not want to frequently drive their kids to play dates. On the other hand, couples with no kids or grown kids might not want to be bothered.
Where's Mom? A home that's a few minutes driving time from parents, relatives or friends is a factor in some decisions.
How close are the stores? Do you want to be near a mall, supermarket, or a walking-distance grocery store?
Is public transportation available? How close is it to this home and where does it go?
Are there good roads leading to work? Distance from work and roadways to get there can make a difference.
How about parks and sports facilities? Driving time is an issue for people who go to the park often. Others don't care.
Is there a hospital, medical or urgent care center in the area? This is becoming a consideration for more people.
Would this be a home I could retire in? Maybe a one-story in a quiet area is best.
How about living in a trendy, refurbished historical area or near a college?
Do I dream of moving to another state? Maybe it's time to sell. Selling prices in many areas are stabilizing. In late October, there were just over 250,000 homes on the market, the smallest number since 1982, according to Fox Business.
There are more people living in the United States than there were in 1982, and while the number of available homes is still significant it is decreasing.