Wake up and smell the Coffee!
FINALLY, home sales in the USA were up 2% over last year in October (4.79 million). If you are going out to buy here in the near future and don't have the BIG BUCKS to spend you may want to consider this; look in an area that is fringe or transitional. You may want to follow these logos.
The easiest way is find good fringe areas is to look for new businesses like good ol' Starbucks or Whole Foods popping up in the area. Trader Joe's is another tell-tale sign that equity is headed your way. You'd better believe that big chains like these guys are going to spend a ton of money analyzing the neighborhoods before they open their doors. So don't be scared! Tap into their market research and enjoy the good living.
Another great idea; Check crime in one click with Trulia Crime Maps.
It may look like an improving area, but you want to make sure your
up-and-coming block, street and area is safe and not the center of a
serious crime waves.
As always, if you have questions about what my favorite "Fringe" neighborhoods are, feel free to holler and we can chat.
Happy Turkey Week!
-Billy O'
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