The government and private companies are offering many incentives to invest in the real estate market because they are trying to stimulate the economy. But, one must be careful to invest; there are cities where property values will continue to fall for some time. Forbes has come out with a top 10 list -- the worst cities nationwide for investing in residential real estate.
1. Lakeland-Winter Haven, FL (MSA)
| Courtesy of Google Images |
2. Reno-Sparks, NV (MSA)
3. Orlando-Kissimmee, FL (MSA)
4. Deltona-Daytona Beach-Ormond Beach, FL (MSA)
5. Port St. Lucie, FL (MSA)
6. Las Vegas-Paradise, NV (MSA)
7. Boise City-Nampa, ID (MSA)
8. Cape Coral-Fort Myers, FL (MSA)
9. Phoenix-Mesa-Scottsdale, AZ (MSA)
10. Warren-Troy-Farmington Hills, MI Metropolitan Division
The list primarily contains cities in Florida, Nevada, and Arizona because these cities were the most susceptible to speculative investing. A majority of the sectors in today’s economy have already faced the worst of the recession and are on their way back up. But, there are areas, like the ones on the Forbes top 10 list that have yet to bottom out and will take longer to recover from the downturn.
No comments:
Post a Comment