January 30th, 2014 10:03 AM by Ron Mastrodonato
Home prices and mortgage rates are on the rise, and some investors are retreating from the market. However, Forbes believes there are still plenty of housing deals left for home buyers in the new year, and with possibly less competition.
Forbes recently released a list of cities where prices are still low but offer the potential of large growth in 2014. To compile its list, Forbes partnered with Local Market Monitor, which tracks home prices and local economic factors in more than 300 housing markets. Cities were ranked based on housing markets still considered “undervalued” in prices and that offer some of the largest job growth in their economies.
The following metros topped Forbes’ list for Best Buy Cities for 2014:
Source: “Best Buy Cities: Where to Invest in Housing in 2014,” Forbes (Dec. 26, 2013)