Matt Woolsey, Forbes.com has written an incredible article about the "Riskiest U.S, Housing Markets" which is currently available online through Yahoo.com
The article gives a great perspective from the standpoint at educating the consumer and not just throwing a generalizrion out there which has been done traditionally by the media in the past year or so... and of course he has a "Top 10" of markets to be concerned about...
So if you live in or near these areas: 1. Miami, FL., 2. Orlando, FL., 3. Sacramento, CA., 4. San Francisco, CA., 5. San Diego, CA., 6. Phoenix, AZ., 7. Kansas City, MO., 8. Cincinnati, Ohio, 9. Chicago, IL., 10. Denver, CO.... a word to the wise check it out!
Read the full story at forbes.com
In Pictures: Riskiest U.S. Housing Markets
Video: Riskiest Real Estate Markets
And finally, I live and work near the Chicago area... will this impact your market? Let's have a discussion here on what you think the impact will be...
I represent real estate transactions traditionally in an around Naperville, IL, asuburb of Chicago. We are pretty stable... values continue to rise and the market is generally sound...leading to a "normal" market. It is not a buyers' market here nor a sellers' market... it has leveled off and balanced.... but if the media and I've even seen experienced realtors continue to generalize bad market conditions I'm sure we'll be affected. The funny thing here is it's just simple education... but it seems most people want to fear the worst... so how and can we change the outlook... I hope to by education of the mere facts! What do you think?
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