A recent article on Kiplinger’s website profiles six cities across the U.S., described as “safe havens in real estate” – pockets where the damage from foreclosures and a sagging real estate economy “has been minimal – if nonexistent.”
Two of the six cities profiled are Tennessee’s own Clarksville and Johnson City! (Other cities completing the list are: Pittsburgh, PA; Burlington, VT; Albuquerque, NM; and Lancaster, PA.)
“We found six cities with slow, steady growth, using data from Fiserv Lending Solutions, a home-price research company. These cities’ local economies have kept unemployment and foreclosure rates below average. Plus, their affordability index – a measure of home prices versus family income – is low.”
The source is Kiplinger.com online.
In case you were wondering, we do not believe that these cities will have any positive or negative effect on the Nashville real estate market.
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