Raleigh continually tops the ranks for many lists such as #1 Place for Business and Careers and Nation's 
Fastest Growing Counties......Well, we have made another list......Best Places To Buy Foreclosed Homes!
Forbes compiled the list by starting with the nations top 100 largest Metro areas and then ranked them by their annual foreclosure rate. Then, they moved on to the annual growth of the markets that were chosen and finally, they looked at the spread between median prices and foreclosure prices.
Their final Top 10? Here they are....
- Charlotte, NC
- Raleigh, NC
- Nashville, TN
- Oklahoma City, OK
- San Antonio, TX
- Albuquerque, NM
- Knoxville, TN
- Seattle, WA
- Indianapolis, IN
- Washington, Alexandria, and Arlington
The article is much more in-depth in how they reached their conclusions. The most exciting piece is that while Raleigh NC may be experiencing foreclosures our overall market remains stable therefore making a foreclosure purchase a good investment.
Interesting logistics and statistics in My Back Yard....
Whether you are buying or selling Real Estate in Wake Forest NC it just makes sense to use a Realtor® that knows the area! I live here, work here and play here - I call Wake Forest NC home! For more information regarding Wake Forest NC be sure to visit my websites:
- Leesa Finley - Homes for Sale in Wake Forest NC, Wake Forest NC schools, restaurants, shops, entertainment and MORE....
- Circa Properties - My company website with information for the entire Raleigh NC area including Cary, Apex, Garner, Franklinton, Youngsville, Holly Springs and MORE....
Josef - Like the article mentions, you might be able to get a great deal on a foreclosed home in another market but if the surrounding market is tanking then what kind of investment have you really made?
Craig - I have buyers looking for them but it isn't a "craze". The nice thing is that the home appreciates so quickly.