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Best Places to Buy Foreclosed Homes

Posted in General Real Estate Info by Karen Rhodes on March 24th, 2008

Last week, FORBES.COM published a news story listing the 10 "Best Places To Buy Foreclosed Homes." The nation’s 100 largest metro areas were studied in the process of selecting the Top 10. Basing their analysis on recent data from RealtyTrac, the report identifies markets where properties in foreclosure may, in fact, be a good investment …because the markets in those areas are stabilizing and "foreclosures aren’t symptomatic of local economic ruin."

TWO Tennessee cities (and surrounding areas) made the Top 10 List:

        1. Charlotte, NC

        2. Raleigh, NC

        3. NASHVILLE, TN

        4. Oklahoma City, OK

        5. San Antonio, TX

        6. Albuquerque, NM

        7. KNOXVILLE, TN

        8. Seattle, Wash.

        9. Indianapolis, Ind.

        10. Washington-Arlington-Alexandria

4 Comments »

  1. Best Places to Buy Foreclosed Homes said,

    March 24, 2008 @ 7:00 pm

    [...] Brent Tucker’s Credit and Debt Blog wrote an interesting post today onHere’s a quick excerpt Last week, FORBES.COM published a news story listing the 10 “Best Places To Buy Foreclosed Homes.” The nation’s 100 largest metro areas were studied in the process of selecting the Top 10. Basing their analysis on recent data from RealtyTrac, the report identifies markets where properties in foreclosure may, in fact, be a good investment …because the markets in those areas are stabilizing and “foreclosures aren’t symptomatic of local economic ruin.” TWO Tennessee cities (and surrounding areas) [...]

  2. realtytrac said,

    March 24, 2008 @ 10:02 pm

    [...] and fire departments in the California capital may have their budgets cueconomicdespair.blogspot.comBest Places to Buy Foreclosed Homes Last week, FORBES.COM published a news story listing the 10 &quotBest Places To Buy Foreclosed [...]

  3. Chandler Properties said,

    April 11, 2008 @ 9:43 pm

    Did the article mention anything about Chattanooga? Also, have you read any articles regarding how the inventory of downtown condos are being effected by the housing crunch?

  4. Karen Rhodes said,

    April 15, 2008 @ 7:47 pm

    No, Chattanooga was not mentioned. The report was based on the top 100 metro areas. Chattanooga is not in that group.

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