Saturday, May 10, 2008

Top 5 Cities Surviving the "Housing Bust"

Charlotte, Portland (OR), Seattle, Dallas, and Boston according to SmartMoney. Texas has done amazingly well during this downturn...they've been like a separate country during the last year or so of general this malaise.

And frankly if you actually look at the Chicago/Illinois figures instead of the falsely alarming headlines, we ain't so bad here. Beneath the headline announcing a 27% drop in IL home sales the other day was this:

The median price of a home in Chicago increased 5.4 percent in the first quarter, however, to $295,000 from $280,000. Condominiums prices in Chicago moved up a hefty 8.6 percent, the Realtor group said.

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