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