RelocateAmerica Releases List of Top 100 Places to Live in 2010

RelocateAmerica recently released its list of 100 Best Places to Live for 2010, which is a list of those areas that are expected to thrive despite the slowing housing market.

“While some cities are facing a road to recovery that could last years, others are poised for a rebound and have already seen the growth,” said Peter Meyers, who is vice president of research and development in RelocateAmerica, said in an article MyBankTracker. “We wanted to highlight that area cities on the way back to economic health.”

While mid-size city of Huntsville, Alabama, was at the top of the list, the other main cities were much larger. Including Washington, DC, Austin, Texas, and San Diego, California.

To be included in the list, RelocateAmerica considered a number of different factors and data it has collected over the past year. Some of the information that was considered included:

* Comments residents fro
* Economic data
* Education data
* The environmental data
* Employment data
* Crime Data
* Housing data

Interestingly, with the exception of Huntsville, cities that were included in the top ten cities with communities that are richer than average. In addition, nine other cities in the top 10 offer many entertainment options to its residents. In addition, four of the cities to be included in the list of Top 10 Recovery Cities also on the list of Top 10 global cities. Those who made the lists were less affected by the melting down of the housing market than most cities across the country.

The San Francisco Chronicle also took a look at what factors should be taken into account when assessing the strength of the housing market. Although the publication does not rank cities according to some who are more ready to recover, analyze how you did the domestic market measures up in the rating scale. These include:

* Pending home sales (homes that are in the sales process) – up 8.2% in February
Housing Starts * (new residential) – up 5.9% in February
* New Home Sales (sales of new homes) – a record low of 308,000
* Existing Home Sales (sales of houses already built) – up to 0.3 million in the last year
* Home Inventory (number of homes for sale) – about 9 months worth, which is the worst that opened in August 2009
* Housing affordability – mortgage rates are low, which means that an average family will spend only 14.2% of their income on their mortgage instead of the typical maximum of 25%
* Mortgage Applications (the number of mortgage applications gives an idea of how many people are actually buying houses) – 9.6% in February
* Mortgage Rates (low mortgage rates people to buy houses) – up 5.17%
* Real Estate Mutual Funds (increasing returns are an indication that investor confidence is growing) – up 105.3% over last year

Clearly, things are still looking very heterogeneous in the domestic market. However, it seems like things are finally moving towards stabilization, which is certainly good news.

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