Birmingham Hoover Alabama: More Good Reasons to Live Here

I was reading an article from Realtor Magazine and found out more reasons why Birmingham Alabama is a great place to live.

In today's market, a lot of buyers are looking for a bargain. It looks like, according to economists from Fiserv (FISV), Lending Solutions, Moody's(MCO) Economy.com, and BusinessWeek, that Birmingham and Hoover offer buyers just that.

First, though, let's define what a bargain is, according to these economists. They define a bargain as a place where homes are affordable, price appreciation is probable, and the economy is strong.

Now why is the Birmingham Area among these areas? For starters, the median home price is $164,900. Also, the affordability ratio is 2.9. (This is formulated by dividing the median home price by the median family income, and lower is better.) The forecast 2 year change in home prices is 9.2%, and the forecast 5 year employment growth is 1.6%. These are all great statistics!

To see the other reasons why we have been spoken about so much here recently can read Birmingham Alabama Strong Housing Market and Strong Economy andHoover Alabama Job Market: One of the Nation's Strongest . To learn more about Hoover check out the Hoover Alabama Real Estate Guide and Community Tour

Their top pics are listed below along with the median home price and the forecast 2 year change in home prices:
Austin-Round Rock, Texas: $186,600, 5.4 percent
Baton Rouge, La.: $174,700, 7.7 percent
Birmingham-Hoover, Ala.: $164,900, 9.2 percent
Corpus Christi, Texas: $130,000, 10.3 percent
Durham, N.C.: $180,100, 6.1 percent
Gulfport-Biloxi, Miss.: $154,200, 10.8 percent
Houston-Sugar Land-Baytown, Texas: $154,900, 6.4 percent
Mobile, Ala.: $140,400, 8.1 percent
Montgomery, Ala.: $150,100, 7.8 percent
San Antonio: $154,300, 6.4 percent

Did you notice that Alabama has three areas in the list? WOW! Looks like Alabama is a great place to work and live.

To read the entire articles from where this information came you can read Where to Find the Top Home Bargains, Where Are All the Real Estate Deals?, and Best and Worst Bargain Real Estate Markets