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.
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Maureen - Glad to see my Ft. Worth is in the top ten. I knew the market was still good here, but people need to stop watching the news!!! Thanks for posting!
P.S. Do I have permission to copy the bottom part of your post for my sellers?
Linda: Thanks for the comment. Of course copy the bottom of the post. Quote me or quote me quoting Forbes.com quoting Moody's Econony.com
To the others who have left comments here. Your comments were removed. This is a Localism post.
If you want to promote yourself do it on on your own blog. Look at the ActiveRain Guidelines do not promte yourself in the comments on another members post. On my real blog Askimet would have put your comment in the spam filter where it belongs.
If you want to debate the methodology used by Forbes.com and Moody's Economy.com go debate it with them.
If you want to debate that the city you write about should be on the list, and that the story is biased do it on your blog.
I would never post garbage like what three members chose to post here on someone else's blog particularl;y on a post in Localism. My apologies to the innocents who then thought the post was fair game to promote themselves or to carry on a debate about the methodolgy used by the source quoted.
Maureen,
This is some very interesting information. It looks like such a nice place to live. You are fortunate to be in a place that has such affordable housing at this time in history! Stable is a nice word to be synonymous with!