ResalesMarket Conditions
Worried that your town can"t offer you the job you need? Why not move where the economy is hoppin".
CNN Money recently released a report detailing 25 great U.S. cities that are seeing job growth and healthy economies. Local real estate markets are generally directly affected by local economies. Where one booms -- so goes the other.
Topping the list is Tooele, UT, where job growth is up a staggering 123.35 this decade. CNN reports, "Historically a mining area, Tooele County has recently struck gold with scientific and technical businesses as well. Increased development has also meant an influx of service jobs."
Number three on the list is Flagler County, Florida, known for its close proximity to many tourist attractions. The report notes that the area is hoping to attract more business travelers in the future.
Diane Kirvan, our local market expert for the area of Flagler Beach, Florida, reports that the market is heavily investor owned at this time. She says, "Since the beginning of September, 2005, our market has begun to cool down. Resale single family home inventory has nearly quadrupled, condo inventory has nearly quadrupled and buyer demand has is down, amid predictions that the "real estate bubble" will burst and home prices will come down. This fear, has been fueled by the constant media attention to the "bubble bursting". Approximately 1/3 of our real estate market is investor owned and many investors have put their speculative homes on the market. This is a major factor contributing to our burgeoning MLS inventory."
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