Archive > September 2011

The Worst Places to Invest

worst places to invest The Worst Places to Invest

In light of the recent economical crisis that the entire world bore witness to, the real estate market has been a complex issue and at one point, appeared to have a very bleak future, especially in America. These days, things are picking up in the real estate market and there are some places that are perfect locations for investments. Then there are other locations that you do not want to go anywhere near with your hard earned cash. These are the worst places to invest. The Local Market Monitor, who looked at US locations with a population of 5000,000 or more for their 2011 research, examined issues like job growth rate and unemployment to determine what the potential value of homes will be in the future. According to the LMM, home prices follow a patterned cycle, which makes roughly predicting home values easily achievable. There are also a number of other factors that determine value, such as demand, standard of living, and economy. The cities where it is likely to get worse before it gets better are Daytona Beach, Florida; Lakeland, Florida; Orlando, Florida; Boise City, Idaho; Port St. Lucie, Florida; and Las Vegas, Nevada. These cities have very bleak forecast for the coming years; their three year forecasts range from 0% to 3% and all will decrease over a 12 month period. A home is a long term investment that requires careful planning so before you decide to make a move, look in depth at home values wherever you plan to go.

Continue reading

, , , , , , , , , , , , , , , , , , , , , , , ,