Orlando among Best Cities For Bargain House-Hunters
South Florida markets aren't often referred to as bargains, but Orlando
stands out for two reasons. First, it's adding jobs at a much quicker clip
than other cities in the state, especially those in the South. Second, the
market didn't go through as much of a speculative boom as did the bigger
cities of Miami and Tampa, so it doesn't have as far to fall.
Timing a market is tricky business, and prices alone may not be the best
way to determine a bargain opportunity.
What you need is a buyers' market, where there is healthy job growth and
more houses available than people to buy them. This is not due to
foreclosures and economic downturn, but to overbuilding that should balance
out in time.
These markets "are where you have high inventories but pliable borrowers,
with lenders willing to deal," says Anthony Sanders, a professor of finance
at Arizona State University
Posted: 7 February 2008
Source: Forbes Magazine
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