Knoxville One Of The Top 5 Cities Real Estate Market To Rebound First….
The cities that are coming back the strongest are the ones that did not hit have the pricing bubble, which was followed by the foreclosure crisis. Forbes did a study of America’s 100 largest Metropolitan Statistical Areas (MSA) which are defined by US census. One of the key factors in the ranking is the low foreclosure rate. Forbes also looked at the delinquency rate of the city and foreclosures will be much lower and will clear up faster in cities with low delinquency rate. They looked at the trends for these cities to determine the ranking.
Texas cities where housing prices did not overheat came up high in the rankings as well some of the Northeast and Midwest cities that did not have a boom. The top 5 cities where real estate is recovering the fastest are:
4. Buffalo, NY
If you are considering a move to Knoxville. Please feel free to contact me. My family and I relocated here 4 years ago and love it. Knoxville is a GREAT place to live and raise a family. Call me at 865-675-8326 or email me Rick@TheBigOrangePress.com