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According to the latest buzz in Real Estate News, the Mortgage Rates Forecast for 2015 states that interest rates will continue to stay at rock bottom levels and possibly dip a little lower.
Therefore, it is the perfect time to buy a home in the most fruitful locations of United States before houses and home loans get expensive again!
1. Honolulu: Hawaii: is everyone's dreamland, and that is what makes Honolulu the most credible candidate city for buying a home in 2015. Unemployment rate in Hawaii is 6%, and a typical home can be bought for $491,700. The relaxing and refreshing environment that this city offers, is its ultimate selling proposition. Some people consider living in Hawaii a permanent vacation, even though they go to work everyday.
Report Card
Amenities: A+
Cost of Living: F
Crime: C
Education: C
Employment: B
Housing: A+
Weather: A+
2. San Jose, California: Technology enthusiasts should flock to this city since housing prices have been on an steady incline here recently. A typical home in San Jose costs around $468,888. The land of "facebookers" has a high employment rate and buying a house, will be a valuable investment for sure.
Report Card
Amenities: A+
Cost of Living: F
Crime: C
Education: C
Employment: B+
Housing: A+
Weather: B+
3. Boulder, Colorado: It is one of the expensive real estate havens in the US with an average home price of $407,800. The city has rich cultural offerings, great educational opportunities, for example, the University of Colorado, and a scenic setting with the splendid view of Rocky Mountains.
Average household income of $92,000 is among the highest in all US cities and makes it the best bet for a home purchase or real estate investments.
Report Card
Amenities: A+
Cost of Living: D
Crime: B
Education: B+
Employment: C+
Housing: A
Weather: C+
4. Seattle, Washington: This is the city of educators and highly-educated as well since at least 50% of the total population has acquired a bachelor's degree. Median household income in this city is $54,783, and a house can be bought here for $352,200. Economic conditions have been fairly smooth and stable for a very long time now in Seattle. The city is an environment-friendly destination which features a whopping 5,500 acres of parks and greenery to enjoy.
Report Card
Amenities: A+
Cost of Living: D
Crime: D
Education: B
Employment: B
Housing: A+
Weather: C
5. San Diego, California: If you are looking for the finest weather conditions as a part of your home buying criteria, look no further than the gorgeous city of San Diego. Great weather, low crime rate, and not as crowded as most popular cities, this home buying location should make it to your short list. The unemployment rate is just 9% and an average household income is $57,464. It is also one of the least populated cities throughout the state of California on average. A house can be bought here for $361,600.
Report Card
Amenities: A+
Cost of Living: F
Crime: C
Education: C
Employment: B
Housing: A
Weather: B+
6. Austin, Texas: The average home price in this city was $229,500 during 2011, and average household income is $52,671, due to which it can be listed as a safe city to reside and invest in. The capital of Texas has been nicknamed as "Silicon Hill," and is regarded as the educational and technological centre of the state. Austin is known for a vibrant cultural scene with many places to go for the enjoyment of live music and performances. It's also a great city to move to after graduating from college because it offers plenty of high tech job opportunities and the unemployment rate is low at 5.6%; that's almost 2% lower than the state average of Texas which is 7%. The technology hub of Texas contains the most number of public parks and is listed among the cleanest cities in America.
Report Card
Amenities: A+
Cost of Living: A
Crime: D
Education: C+
Employment: B
Housing: B
Weather: A
7. Baltimore, Maryland: The 20th fastest growing metropolitan of Maryland, has a significant advantage of being United States second biggest sea-port that is located nearest to the Midwestern markets. Investors are eyeing this city seriously now, and the average home price has risen at a rate of 3% from $239,500. Median household income was $38,772 in 2009 and the average home or condo in 2009 was valued at $168,400.
Report Card
Amenities: A+
Cost of Living: D
Crime: F
Education: D
Employment: C
Housing: C+
Weather: B
8. Orlando, Florida: As per the Orlando Sentinel Report, real estate has seen a larger price decline in the past twelve months; more than any other metro area in Florida. The average home price in Orlando has dropped by -51.3 %. With that type of price reduction in real-estate and its amazing location; a popular tourist destination because of Walt Disney World, Orlando offers a terrific opportunity for new home buyers and real estate investors alike. Average household income in 2011 was at $46,123. An average home costs around $217,500 and the average rental is renting at $971.
Report Card
Amenities: A+
Cost of Living: A
Crime: F
Education: C
Employment: C
Housing: B
Weather: A+
9. Tuscan Arizona: This city has been unanimously declared as the hottest location for real estate investors and the housing market during the year 2015, by Realtor.com. The reason is that house selling has increased up to 12% within the last three months as compared to the 2011 real-estate sales analysis. Economy has been strengthening steadily and reconstruction has paved the way for a real estate incline, however the average home price is still very much affordable at $170,000.
Report Card
Amenities: A
Cost of Living: A
Crime: D+
Education: C
Employment: C
Housing: B
Weather: A
10. Fort Worth, Texas: The unemployment rate in such as popular city is very low when compared to cities of similar size all over America. It is home to various corporate giants such as Bell Helicopter, and homes here are selling like hot cakes since 2011. In 2012, the average home price, was $160,000 and it has been on a constant incline at a rate of 8%.
Report Card
Amenities: A+
Cost of Living: A+
Crime: D
Education: D+
Employment: C+
Housing: C
Weather: A
