Tuesday, February 14, 2012

Finding Recession-Proof Ground

According to a recent article in Forbes headlined, "Recession-Resistant Cities For Real Estate," 25 U.S. locations provide solid ground to those battling shaky economic times. Spokane, Wash., at No. 5, is one that made the cut.

"These are the 25 metro areas ushering in a steady rise in home prices since the beginning of 2011, according to Zillow.com," Forbes wrote.

List-qualifiers were chosen based on home values both on and off the market; this includes logistics such as home sale prices, property histories and tax records.

Forbes ranked Spokane, with a median home price of $148,800 ahead of such cities as Pittsburgh, Destin, Fla., and Boulder, Colo.

Spokane, located in the heart of the Inland Northwest, is home to more than 200,000 people (citydata.com). Whether it's city life, a vivid outdoor experience, reputable school systems, or an easy-access airport as a launch pad for travel-enthusiasts, Spokane offers a variety of aspects that keep its real estate market steady and its residents coming back for more.

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