An article posted yesterday on msn.com by Forbes magazine provided lists of the best ten and worst ten real estate markets in the United States. While Grand Rapids, or any city in Michigan, wasn't on either list, the market-specific nature of real estate was evident. For example, two of the best and two of the worst markets are in California. The best are San Francisco and San Jose and the worst are Los Angeles and San Diego.
An even finer distinction was made in Colorado where Denver was on both the best and the worst lists. The difference was in what part of the greater Denver area one was considering; e.g. downtown Denver, the suburbs, or the area between Denver and Colorado Springs.
The implication is clear: focus on the area that you are considering and get all of the relevant data on that area. The best way to do that is to employ the services of a real estate professional who can provide you with all of the latest information.
Thursday, April 24, 2008
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