Monday, September 8, 2008

Real Estate

From Yahoo Finance this morning:

Gold said the places where homes are selling the fastest are established, affluent communities close to jobs, restaurants, stores, and services. These days, buyers don't want to live far from job centers, especially in an uncertain economy, he said. "Mature areas, which have higher incomes and higher-priced homes are as good as gold," he said.
Gold might have a point. The communities on our list were relatively wealthy and close to jobs -- neighborhoods such as the Circle C master-planned community in southwest Austin; Scripps Ranch in San Diego, 77094, one of Houston's wealthiest Zips on the city's western edge; and Venice, Calif., where the median asking price for a home is $1.399 million.

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