Tuesday, July 14, 2009
10 Cities Most Likely to Bounce Back Quickly
(RealTrends 6/16/09)
Some cities are likely to recover more quickly from the housing downturn than others. Forbes magazine has identified the top 10 cities that it believes are poised for recovery by examining unemployment figures, projected gross domestic product from Moody's Economy.com, and housing affordability data from the National Association of Home Builders.
Overall, cities most likely to recover first are those with strong technology capabilities.
Here is Forbes' top 10:
1. Austin-Round Rock, Tex.
2. Fayetteville-Springdale-Rogers, Ark.
3. Boulder, Colo.
4. Huntsville, Ala.
5. San Antonio, Tex.
6. Mobile, Ala.
7. Dallas-Fort Worth-Arlington, Tex.
8. Washington-Arlington-Alexandria, D.C.-Va.-Md.-W. Va.
9. McAllen-Edinburg-Mission, Tex.
10. Seattle-Tacoma-Bellevue, Wash.
Some cities are likely to recover more quickly from the housing downturn than others. Forbes magazine has identified the top 10 cities that it believes are poised for recovery by examining unemployment figures, projected gross domestic product from Moody's Economy.com, and housing affordability data from the National Association of Home Builders.
Overall, cities most likely to recover first are those with strong technology capabilities.
Here is Forbes' top 10:
1. Austin-Round Rock, Tex.
2. Fayetteville-Springdale-Rogers, Ark.
3. Boulder, Colo.
4. Huntsville, Ala.
5. San Antonio, Tex.
6. Mobile, Ala.
7. Dallas-Fort Worth-Arlington, Tex.
8. Washington-Arlington-Alexandria, D.C.-Va.-Md.-W. Va.
9. McAllen-Edinburg-Mission, Tex.
10. Seattle-Tacoma-Bellevue, Wash.
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