Comeback Cities: Indianapolis Ranked #2

Interesting article from Daily Real Estate News September 25, 2007

Comeback Cities: Top Places Ready for a ReboundThe oldest rule of investing: Buy low, sell high. With some housing markets bottoming out, now could be a good time to get ready to make money on the slowdown, says Business 2.0 magazine, which has worked with Moody™s Economy.com to identify 10 major metropolitan areas that are coming back to life after a slowdown.The following is a list of the 10 metro areas identified by the magazine, including their projected median sales prices for single-family homes and the percentage of growth expected in the next two years. While the numbers are moderate, they are a huge improvement over what’s been happening in these cities and others, the magazine notes.
1. Dallas–Fort Worth Q1 2008: $151,930 Q4 2009: $161,690 Growth rate: 6.4 percent
2. Indianapolis Q1 2008: $122,940 Q4 2009: $130,630 Growth rate: 6.3 percent
3. New Orleans Q1 2008: $153,850 Q4 2009: $162,600 Growth rate: 5.7 percent
4. Atlanta Q1 2008: $177,750 Q4 2009: $187,640 Growth rate: 5.6 percent
5. Montgomery, Ala. Q1 2008: $140,020 Q4 2009: $147,690 Growth rate: 5.5
6. Memphis Q1 2008: $143,550 Q4 2009: $150,730 Growth rate: 5 percent
7. Mobile, Ala. Q1 2008: $134,580 Q4 2009: $140,920 Growth rate: 4.7 percent
8. Austin, Texas Q1 2008: $186,350 Q4 2009: $195,060 Growth rate: 4.7 percent
9. Houston Q1 2008: $154,850 Q4 2009: $161,910 Growth rate: 4.6 percent
10. St. Louis Q1 2008: $143,920 Q4 2009: $149,710 Growth rate: 4 percent
Source: Business 2.0, Paul Kaihla (10/01/07)