| Buying home, condo or any other real
| |
| | average annual home price appreciation of
|
| estate in a market that is protected from
| |
| | 4.2% from 1949 to 2006. In contrast, the
|
| a bursting bubble is every investor's
| |
| | national average was 2.3%. Strong
|
| dream. Knowing where to look for these
| |
| | restrictions on real estate development
|
| bubble-proof markets and how to identify
| |
| | and a limited geography helped push San
|
| them is crucial.
| |
| | Francisco to the top slot.
|
| There are some important factors that
| |
| | Los Angeles ranked second in the report.
|
| investors should consider when searching
| |
| | The average annual home price
|
| for stable investments such as
| |
| | appreciation in Los Angeles was 3.7% from
|
| single-family homes, condos or any other
| |
| | 1949 to 2006. Reductions in available
|
| type of real estate. Some of these
| |
| | land and increasing restrictions on
|
| factors include a fast growing population
| |
| | further development helped pushed Los
|
| (which positively impacts the demand for
| |
| | Angeles to the number 2 slot.
|
| housing), a solid and diverse economy
| |
| | Home prices in Seattle, which was third
|
| (which impacts employment rates and
| |
| | on the list, demonstrated an average
|
| subsequent demand for housing), rising
| |
| | appreciation rate of 3.2% from 1949 to
|
| incomes (which impacts buyers' ability to
| |
| | 2006. While Seattle made the top 5 list,
|
| purchase real estate), a developing
| |
| | recent easing of building restrictions
|
| infrastructure (which contributes to the
| |
| | may cause Seattle to fall out of the top
|
| appeal of a city or community), and
| |
| | 5 over the next few years.
|
| restrictions on future real estate
| |
| | Boston was fourth in the rankings. The
|
| development (which limits future supply
| |
| | city has seen annual home prices
|
| of real estate). Investing in real estate
| |
| | appreciate by 3% over the period from
|
| within communities that meet these
| |
| | 1949 to 2006. A strong increase in per
|
| criteria may prove to be more profitable
| |
| | capita income contributed to Boston's
|
| than communities that are missing one or
| |
| | high ranking.
|
| more of these factors.
| |
| | New York City follows close behind with
|
| A recent report by Business 2.0 Magazine
| |
| | an average annual home price appreciation
|
| identified U.S. cities that have
| |
| | of 3% from 1949 to 2006. A limited
|
| consistently demonstrated price
| |
| | geography, large population, and finite
|
| appreciation in the real estate market.
| |
| | number of properties contributed to New
|
| The October 2006 issue of the Magazine
| |
| | York's high ranking.
|
| identified the top 5 real estate markets
| |
| | While there is no guarantee that any of
|
| that demonstrated an upward price trend
| |
| | the real estate markets listed previously
|
| over a long period time. The top-ranking
| |
| | are truly "bubble proof," the factors
|
| cities were:
| |
| | described above may help investors find
|
| 1. San Francisco, California
| |
| | the profitable markets and avoid "bubble"
|
| 2. Los Angeles, California
| |
| | markets. Since the real estate market is
|
| 3. Seattle, Washington
| |
| | constantly changing, be sure to seek out
|
| 4. Boston, Massachusetts
| |
| | the services of a skillful real estate
|
| 5. New York City, New York
| |
| | agent to help you navigate your next real
|
| San Francisco topped the list with an
| |
| | estate purchase.
|
