The right neighborhood offers value

Some six million Americans are expected to buy a house this year. Some are first-time buyers, others are at mid-career, and still others are downsizing for retirement.

They all have one thing in common. They are contemplating what may be the most significant purchase of their lives at a time when future home pricing is uncertain.

In some cities such as Seattle, Austin, Texas, and Wichita, Kan., home prices are still rising. But even in hard-hit cities, prices in certain neighborhoods are holding up better than others.

One factor in pricing stability is well-known: schools. Even if you don't have children, homes in high-ranked school districts are a good choice and will probably hold their value very well.

National Association of Realtors statistics show that average housing prices in 2007 experienced their first year-over-year decline in about 40 years. The NAR, however, also says that home buying is always a street-by-street exercise, and that is particularly true in areas where the market is weak.

In a hot market, homes in less-than-desirable locations sell quickly. Now, those in better neighborhoods are better choices than ever. (While it's true that every location is just right for someone, finding that person can be difficult.)

Gabe Sanders and Susan Maxwell

Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

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