St. Louis Real Estate Blog

St. Louis one of top 10 cities to buy a home in

August 15th, 2008 6:23 PM by Melanie Mitchell - Team Lead/Listing Specialist

For the second week running, the St. Louis Post-Dispatch has reported that St. Louis placed 3rd out of a list of 40.
Forbes Magazine surveyed the 40 largest metropolitan areas looking for cities where home prices have appreciated over the last two years. Among the metrics measured were vacancy rates. Forbes gave extra points to cities where rents are significantly higher than a buyer would pay for the same home.

Financially, at least, the best places to buy houses are those where the buying cost is less than renting, tax incentives are attractive, and there's an opportunity to build equity. Texas dominated the magazine's list because of its healthy job market and growing tax revenues.
Here are the 10 cities that topped Forbes' best-places-to-buy list:
  1. Houston, TX
  2. Austin, TX
  3. St. Louis, MO
  4. Philadelphia, PA
  5. San Antonio, TX
  6. Dallas, TX
  7. Charlotte, NC
  8. San Francisco, CA
  9. Jacksonville, FL
  10. Atlanta, GA
Posted in:General
Posted by Melanie Mitchell - Team Lead/Listing Specialist on August 15th, 2008 6:23 PM


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