Which Cities Will See Biggest Rebound?

Which cities are likely to be the hottest post-economic downturn destinations for young, brilliant, and highly mobile workers?

The Wall Street Journal surveyed six trend-spotting experts and they chose cities based on economic diversity, lifestyle and their own personal prejudices.

Here’s the top-10 list:

1. Washington, D.C. (tie)
1. Seattle
2. New York
3. Portland, Ore.
4. Austin, Texas
5. San Jose, Calif.
6. Denver
7. Durham, N.C.
8. Dallas
9. Chicago
10. Boston

Source: The Wall Street Journal, Sue Shellenbarger (09/30/2009)

Buying Makes Sense in These 66 Metros

It’s more affordable to buy than to rent in many U.S. markets, according to data compiled by the National Low Income Housing Coalition.

Of the 100 most populous metro areas, 57 have average three-bedroom rental costs higher than the cost of a 6-percent interest rate loan for a typical low-priced house, the coalition said in a just-released report. That means people renting two-bedroom apartments would be better off buying a low-priced home in 24 of the 100 largest metro areas.

However, when determining if it’s better to buy or rent, credit history is a crucial component to consider. A prospective buyer who is credit worthy of a 6 percent mortgage will pay a third less in monthly payments than someone who qualifies for an 8 percent loan.

And in many cities that can be a difference of hundreds of dollars and push them over the line to where renting actually makes more sense.

These are the top 10 markets where it makes sense to buy rather than rent. The full list of 66 markets is available at MSN.com.

  1. McAllen-Edinburg-Mission, Texas
  2. San Antonio, Texas
  3. New Orleans-Metairie-Kenner, La.
  4. Houston-Sugar Land-Baytown, Texas
  5. Dallas-Fort Worth-Arlington, Texas
  6. Rochester, N.Y.
  7. Syracuse, N.Y.
  8. Buffalo-Niagara Falls, N.Y.
  9. Jackson, Miss.
  10. Austin-Round Rock, Texas

Source: MSN Real Estate, Marilyn Lewis

Fastest Growing Real Estate Markets

Despite the housing crisis, there are cities where prices are expected to rise significantly in the coming years. Here are the top 10 cites where analysts for Money Magazines expect price appreciation.

  1. McAllen, Texas
  2. Rochester, N.Y.
  3. Birmingham, Ala.
  4. Syracuse, N.Y.
  5. Buffalo/Niagara Falls, N.Y.
  6. New Orleans, La.
  7. Scranton, Pa.
  8. Grand Rapids, Mich.
  9. Baton Rouge, La.
  10. El Paso, Texas

Source: Money 06/15/