Here is a link to an article that mentions 10 places where it is a great time to buy. I am a bit surprised at some of the cities that made the list, and more surprised to find out what cities did not make the list. I wish I knew what the criteria was for deciding what cities would make the list. Was it cities that have depreciated, those that are depreciating, or is it those that depreciated and will make a comeback? I wish I knew.
Anyway here is the link:
http://www.realtor.org/RMODaily.nsf/pages/News2007100901?OpenDocument
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