Forbes magazine has done a study on the country’s largest metro areas and then differentiated among inexpensive foreclosure markets and those that were undervalued.
For example, homes in Detroit are going for practically nothing, and it would take a while to recoup your money due to their economic status. But on the flip side, home in Raleigh, NC where local economy is booming, searching and buying a foreclosure could be a very good deal.
Forbes identified the healthiest economies, then looked at the spread between median home prices and foreclosures. Here are the top 10 cities where the magazine believes the best bargains can be found:
Oklahoma City, Okla.
San Antonio, Texas
Washington, DC-Arlington-Alexandria, Va.
Call me if you want to look for some deals!