San Jose the top city for home sellers?
The people at Forbes.com love their lists. So do readers, apparently, because Forbes sure isn’t printing fewer of them.
Their latest is an attention-grabber: the 10 best cities for home sellers. You can read the story here.
According to the story, if you’re trying to sell a home in San Jose, Calif., you’re in luck. Forbes ranks it as the best city in which to sell residential real estate. The biggest reason? New home construction in the city dropped 63 percent in 2007.
Second on the list is San Francisco. Next comes Salt Lake City and Austin, Texas. Kansas City, Mo., completes the top five.
Check out the story for a complete list of all 10 top cities. And if you happen to be selling a home in one of them, rejoice.
I just came back from a trip to San Jose and while I was there, I browsed through a real estate ad booklet. My eyes popped out at the prices– 1.2 million for a 1,330 square foot home–yikes! Definitely a seller’s market there.
Hi, Karen:
Thanks for your message. Oddly enough, my family and I just returned from a slightly less exciting trip, to Springfield, Ill. (It is the state’s capital, and we went so our son could see the Abraham Lincoln monuments and museum.) Here, the real estate scene is as different from San Jose as you can imagine. Housing prices are falling, and there are “For Sale” signs everywhere. It was actually a bit depressing.
Dan