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this article rather neatly avoids the question of who would want to live in these markets...

Scrantonicity!

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http://all.fuseurl.com/87

New Orleans does not surprise me. With all the people that left, and the houses that have been abandoned, it has plenty of land and real estate available. Remember, you're supposed to 'buy low'; but what I'd like to know is why they think this is the lowest point, and why there will be an inflection, and change of trend, in the next year.

Mcallen, TX is also one of the top 10 cities for illegal aliens to enter. On the flip side, I'm sure finding a yard man, would be a snap.

w00t for baton rouge. maybe i can get out of pmi

You mean 10 Fastest Growing Real Estate Markets IN THE USA.

Buying a home in New Orleans pre-Katrina was a difficult endeavor. Most of the homes on the market needed major repairs on top of the ridiculously high asking price. I cannot even imagine what it is like now. I had no desire to own in a home in New Orleans when I lived there. The risk factor is too high.

Im buying in Grand Rapids this summer. No reason to wait now.

Anyone click this just because it had 10 in the title?

No doubt Scranton has increased in value due to Michael Scott's condo purchase. There are two types of people in the world...those who buy condos, and those who don't

Looks like Michael Scott's condo in Scranton was a good buy after all.

Western NY is such a hole. I went to college in Rochester and you couldn't give me a free house to move back there.

10 places I don't want to live.

wait a minute, no one's made a Dunder Mifflin joke yet?!

McAllen, Texas
Rochester, N.Y.
Birmingham, Alabama
Syracuse, N.Y
Buffalo/Niagara Falls, N.Y.
New Orleans, La.
Scranton, P.A.
Grand Rapids, Mich.
Baton Rouge, La.
El Paso, Texas

Take a look at those median house prices ... these markets are up because they've all been so much less expensive then the rest of the country ...

dugg for wny being represented in something positive

Who in their right mind would move TO new Orleans (or buffalo for that matter).

El Paso? that's like my 2nd home and i would've never guessed that one. that place just looks depressing, but it's where half my family is, so i visit from time to time.

10 places I don't want to be nice list

So let's see: values are going up a bit here as opposed to the drops elsewhere. You'll notice that these aren't places people usually are interested in moving to, so they didn't experience the big bubble increases that more desirable places did. For the past 10 years, these 10 places were filled with people saying, "how come our home values aren't increasing like crazy? Everybody else's are."
So really, these are just places where the prices didn't go through the big gains earlier, so there's less correction now. Look at Grand Rapids: 5-year price change is 8.3%. That's a pretty crummy return on investment. NO is better at 43%, which ain't bad considering Katrina and all.
The thing is, the rest of the country will recover in 2-5 years and housing in desirable places will start to climb faster than in these places again. Once that starts happening, this list is going to look shabby again.

And I've been to all 10 of these towns. I would never consider living in any of them.

Michael Scott condo increasing value of real estate in Scranton? I don't think so.

Obviously - this is a conspiracy of the Quiet Man Society.

There's no way real estate values could go up once they closed Bordi's on Lackawanna Avenue.

What a hole that was.

Dugg just for the chance to live in Scranton. I here Dunder Mifflin is hiring.

Interesting that NY took several of the top 10 spots...

Birmingham - I didn't know the seventh layer of hell was on the up and up

It should be..10 Places where no one can afford to buy a house!

It is great to see Grand Rapids make the list.

Funny, I'm from Rochester, NY and moved to central WA state 11 years ago. Like anything there are things ya miss and others you simply don't. Rochester has a great mix of food (god I miss the food vs WA state), and I have fond memories of growing up swimming/hanging out on the beaches of Lake Ontario. Lots of golf courses. Not too far of a drive to Niagara Falls or Toronto, Canada. I figured it'd be close to a ghost town since its main employer, Kodak, has declined greatly since I grew up there in the 1970's (my Dad worked at Kodak). And Xerox is based their too. Not exactly thriving industries any more.
Not a bad place to live. Just nothing incredibly exciting about the area either.
I'm surprised my area isn't on the list. One of the few areas in the country where prices haven't declined. Leavenworth, Cashmere, Wenatchee areas of Central WA.A beautiful area probably too small for this area to make it on any list. Shhh...tell no one.

Go El Paso!

These are all from US, but expect to have much higher returns on real estate markets like Romania of Bulgaria.They've just joined the EU and making xx% yearly is not that hard.

Or, stick your money in a good fixed term deposit and get similar returns, without the DOH of taking risky advice from a web site...

I'm sure that buyers in markets like Southern Calfiornia would love it if the median price of homes were 150k, however I don't think most people in those neighborhoods would want all that goes along with that. The biggest issue in my mind with real estate still remains liquidity. Also, why not wait until prices have come back, oh say 5 or 10%, before getting in? Sure, you'd have lost some of the updside, however that's better than buying (in my opinion) and having another 20 - 30% fall from the value of your home.

You're telling me I can have a house AND a Ferrari for less than it would cost me just for a house here?

I'm looking at the five year price change which averages 31% for these ten markets, or 6.2% a year. Not bad at all. But whose crystal ball are they using - can one be sure these numbers are for real? I'd rather look at the job markets in these areas, and if they look healthy and are trending up, then probably a good place to start researching for possible investment.