5 Best Foreclosure Bargains
Sunday, April 13th, 2008
The best foreclosure bargains are not local. Relocating out of Central Ohio? There could be opportunities for you in this buyers market. In “Where the Suprime Mess Has Created Buying Opportunities” Yahoo names five areas nationally where the unemployment rate is below 5% and according to RealtyTrac there’s a boatload of foreclosure properties available for home buyers…
Relocating out of Central Ohio and to sunnier climes? This may be the time to relocate to Phoenix or one of these Florida cites…
Want to know more about the real estate market in the five best foreclosure bargain markets, here’s some local blogs I suggest:
1. Denver /Aurora, Colorado
Kristal Kraft’s Denver Dwellings
Bob Schenkenberger’s Denver Real Estate
2. Fort Lauderdale, Florida
Jeannetten Neerpat’s JNeerpat Weblog
3. Miami, Florida - I suggest
Maggie Dokic’s The blog that ate Miam.com
4. Orlando Florida
Marc Grossman’s Orlando Homes blog
5. Phoenix, Arizona
Jonathan Dalton’s Phoenix Arizona Real Estate
Jay Thompson’s The Phoenix Real Estate Guy
In “Where the Suprime Mess Has Created Buying Opportunities” Yahoo says of median home prices in these markets:
“DENVER/AURORA (COLO.) MEDIAN HOME PRICE: $245,400
FORT LAUDERDALE (FLA) MEDIAN HOME PRICE: $365,500
MIAMI (FLA) MEDIAN HOME PRICE: $365,000
ORLANDO (FLA) MEDIAN HOME PRICE: $261,300
PHOENIX/MESA (ARIZ) MEDIAN HOME PRICE: $257,400″
The Yahoo article used 2007 median prices they found via the National Association of Realtors but it is US government info… Remember those are median home prices not average home prices. We don’t usually talk median prices here in Central Ohio because the average prices are so good. Or they don’t talk average prices in markets where the average price is scary. It is all relative of course.
Median price of a home in Columbus $147,400 (MSA.)
Click your heels together and repeat after me:
There’s no place like home.
There’s no place like home.
There’s no place like home.
