Industry News

Real estate investors turn bullish on the heartland

Analysis suggests good places to buy in 2006

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Real estate markets in areas where prices haven't yet risen rapidly, living is affordable, jobs are plentiful and economic conditions are strong may offer the best investment opportunities this year, according to a study released Thursday. The "Real Estate Cycle in 2006" study by First American Real Estate Solutions investigates where the residential real estate market stands today and where it is likely to go based on historical economic information. "Through this analysis, we provide a framework for assessing where the market may be heading to assist real estate professionals with identifying potential opportunities and risks," said Christopher Cagan, First American's director of research, author of the report. The report suggests that markets where prices have not risen rapidly may be the best part of the country in which to purchase or invest during 2006. "Places that haven't had a runup, where you can get a house for $200,000" are getting attention from investors now, and rightl...