Good news from Forbes and Zillow!
America’s Recession-Resistant Cities For Real Estate
… a smattering of cities have managed to wrangle up the modest beginnings of a real estate rebound this year.
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The folks at Zillow.com, a Seattle-based real estate data company, helped us compile this Recession-Resistant list. It reflects the 25 cities welcoming steady home price gains each consecutive month since the start of 2011. These are not places where the economy as a whole is necessarily rebounding; they are places where, regardless of unemployment rates and other economic woes, real estate markets are showing some positive improvement.
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Florida, one of the states to suffer most from the real estate boom and bust, contributes six cities to our list – more than any other state.
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“We are starting to see some organic growth that can’t be traced back to tax credits, whereas in 2010 we saw some home value appreciation simply because of them,” explains [Zillow Economist Svenja] Gudell.
Yea verily, as true believers know in their hearts, home prices always rise in any economy, no matter what.
Fear not the downgrades or the unemployment rate, have faith in your best investment.
rAmen.