66 Cities to Buy a Home In Now

According to MSN, there are 66 cities where it makes sense to buy a home in right now, and 34 cities where it might be better to rent. Of course, it’s all speculation, especially in the local markets I am familiar with, and they don’t take into account some important aspects of home ownership, like the tax breaks and simple pride of ownership.

Personally, I wouldn’t want to rent again, unless I was transient or uncertain of my ability to pay my mortgage.

Four of the top five cities (McAllen, San Antonio, Houston and Dallas) are in Texas.

Texas has (relatively) low home prices and something elase that people need to consider heavily- great sports franchises- these are two of the most important factors when considering where to buy. If you pay less for a great home and have great sports team to watch live- things will work out.

Plus, great sports teams usually means great sports bars, and really, isn’t that the most important factor in making a great city?

Maybe, or maybe not, but I think we can all agree on at least one thing- the Colts will win the Superbowl this year- go Colts!


5 thoughts on “66 Cities to Buy a Home In Now

  1. I totally agree with your insights – Indianapolis made the list of 66 and the Colts are going to be awesome in the new stadium.

  2. Nice, Utah has two areas where you shouldn’t buy… this guy’s study must have been pretty thorough. Smart guy.

  3. Yep the list is very accurate from what research I have done. If you want to look at an interesting site on the state of HUD home housing prices nationally go to http://dev.gohud.com/

    You defiantly can rent in UT at the median priced home, with less risk then buying unless your will to work on a short sale purchase. You should be able to see a lot of them with Notice of Defaults up to 600 a week in UT.

  4. I thought for sure Las Vegas would have made the list for the best cities to buy because the prices are so low but it didn’t, it made the list of best places to rent?

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