Stable US Real Estate Markets Columbus IS on the List

Columbus made the Forbes.com latest 'Housing Trends" list! 

 America's Most Stable Housing Markets

I wrote about Columbus being third on the national list  on ColumbusBestBlog.com

Who else made the list and what is the order? Look at the "In Pictures: America's Most Stable Real Estate Markets" on Forbes.com for why Moody's Economy.com and Forbes picked these ten cities as stable real estate markets.   

Forbes and Moody's Economy.com looked at 40 US cities.  Many of the markets on the list of ten cities like Columbus did not go through the boom so are not going through the bust like other cities nationally according to the article on Forbes.com.

What the study looked at for the 40 US Cities:

 -the state of local economies
 -new construction contracts
 -foreclosure rates
 -local credit markets
 -sales rates
 -affordability

" 1. Seattle

  2. Pittsburgh

  3. Columbus

  4. Dallas

  5. St. Louis  

  6. Cincinnati

  7. Atlanta

  8. San Antonio

  9. San Francisco

 10. Ft. Worth"

Other than Seattle and San Francisco what do these cities have in common?  Cheap.  Forbes.com says "cheaper markets are more likely to be healthier, as loan activity is less constrained."   Seattle and San Francisco are higher priced housing markets.