Aug 28 2008 3:28PM | Permalink | Email this | Comments (0) |
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Given the glut of bad news coming across my desk, I decided to dig a little deeper into the history of housing crisis' in the U.S. Long, convoluted story short: It's a lot of slumps and gluts.

What I’ve been able to pull out of my initial research is that there’s usually one city or region that absolutely booms when things start getting better. So, I thought to myself, what city/region will experience a boom this time?

According to Matt Woosley from Forbes.com, it just might be Albuquerque, N.M. Although the city has seen its share of hard times these past few years, the NAHB and other industry bigwigs are predicting the city will see a job growth through 2012 at an average annual rate of 1.6%. Woosley’s article cites low costs and local business expansion as key factors. Housing starts are predicted to climb to almost 27%.

Read the Forbes.com special report “Where Home Prices Are Expected to Rise” here.

P.S. Readers, RSS me! I'm having a gentlemanly tanks-at-twenty-paces blog war with a yet-to-be-named blogger and I need all the traffic I can get.