17.04.2013 - Forget the housing crash, this market has been booming
The housing crash of 2007-2008 that spilled into the great financial crisis is not news to any investor. Many are familiar with the devastating effects that collapse of the over-leveraged housing market had on the lives of individuals around the country. However, despite all of the negativity in the nationwide housing market, one city has been booming in particular. With average capitalization rates form buildings near 20 year lows and new development around the city, this location has been a developers dream city. But this dream may become a nightmare very quickly... Which city is this that is booming so rapidly, that is attracting hot money from big developers all around the country? No, it is not New York or San Francisco, and it's not some glitzy suburb of silicon valley..........................................Full Article: Source
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