Last week's economic news included readings from the National Association of Home Builders, Commerce Department readings on housing starts and National Association of Realtors(R) report on sales of previously-owned homes. Weekly reports on mortgage rates and first-time jobless claims were also released.
Big Cities vs. Secondary Markets: Where to Buy?
Atlanta, Charlotte, New York and Los Angeles are always on the real estate radar because of big ticket sales and good media coverage. The secondary markets - those markets without the celebrity undertones - may actually be better deals. With the price of borrowing money rising and occupation rates dropping in primary markets, places like Nashville and Birmingham are looking better to investors.
