What Areas Are Cold?
That's easier to answer than "what's hot?" if you go by the latest National Association of Realtors first-quarter report. The lower-cost markets with drops in prices have either "local economic weakness, mainly in jobs, or a large supply of homes available in the local market; typically, these are temporary in nature," says NAR. Examples: Beaumont/Port Arthur, TX and Waterloo, IA.
Labels: second homes