Cities Quickest to Recover
Some cities are likely to recover more quickly from the housing downturn than others. Forbes magazine has identified the top 10 cities that it believes are poised for recovery by examining unemployment figures, projected gross domestic product from Moody’s Economy.com, and housing affordability data from the National Association of Home Builders.
Overall, cities most likely to recover first are those with strong technology capabilities.
Here is Forbes’ top 10:
1. Austin-Roundrock, Texas
2. Fayetteville-Springdale-Rogers, Ark.
3. Boulder, Colo.
4. Huntsville, Ala.
5. San Antonio, Tex.
6. Mobile, Ala.
7. Dallas-Fort Worth-Arlington, Tex.
8. Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va.
9. McAllen-Edinburg-Mission, Tex.
10. Seattle-Tacoma-Bellevue, Wash.
Source: Forbes, Joshua Zumbrun (6/10/09)
Kim Darwaza, REALTOR®, GRI, ABR, CRS, CDPE
Graduate, REALTOR® Institute
Accredited Buyers Representative
Certified Residential Specialist
Certified Distressed Property Expert
NVAR Multi-Million Dollar Sales Club Member 2005, 2006, 2008
NVAR Residential Top Producer 2007
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