Friday, August 27, 2010

Bloomberg Businees week has just put out a list of  currently cheapest housing:

"The foreclosure crisis has trampled down prices from Tampa to Riverside, Calif. And low interest rates and government incentives such as the $8,000 first-time homebuyer federal tax credit, which expires this year, are attracting new buyers previously priced out of the market. The American dream is getting more affordable. In Tampa, for example, owning was 15% more expensive than renting in the second quarter. But it was 46% more expensive than renting a year earlier."

Heres's the top ten:

  1. Detroit
  2. Pittsburgh
  3. Rochester, N.Y.
  4. Memphis, Tenn.
  5. Tampa, Fla.
  6. Cleveland, Tenn.
  7. Dayton, Ohio
  8. Columbia, S.C.
  9. Orlando, Fla.
  10. Dallas-Fort Worth 
For full article go to: http://images.businessweek.com/ss/09/08/0820_rent_buy/12.htm?campaign_id=msn

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