Don't look now, but the housing market is suddenly bearing signs of life. Many large metro real estate markets are stabilizing — some even posting gains in home values. For example, the Miami real estate market
hit bottom in Q4 of 2011 and is projected to gain 5.6 percent in value
between March 2012 and March 2013. Does this mean people should get off
the sidelines? The answer appears to be yes, according to Zillow Chief
Economist Dr. Stan Humphries.
"For people who have been waiting to time their home
purchases close to the market bottom, it's time to start shopping," said
And with this positive bit of real estate news, let's take a look at what $350,000 can buy in major metros in the U.S.
Whether it's the deep-dish pizza, the culture or the city skyline,
people have been moving to the Windy City for decades. The third-largest
city in the U.S., Chicago is home to the second-largest business
district after New York. While many well-established companies have
roots in Chicago, the city has also seen growth in startups in the past
decade, including Groupon, Orbitz and CareerBuilder.
This Chicago home for sale
is located 11 miles outside the downtown district. The 3-bedroom,
3-bath brick home was built in 1993 and features high-end details like a
gas fireplace, steam shower, soaking tubs and basement with home
theater and bar.
Even though it's known as "The Big Easy," New Orleans hasn't had an
easy time of it lately. Despite the lingering devastation of Hurricane
Katrina in 2005 and now a Watergate-like scandal with its beloved NFL
Saints, New Orleans roars ahead with its reputation for excellent cuisine, music and festivals. New Orleans median home values are presently $159,000.
This cheery yellow Victorian is located in the Leonidas neighborhood,
just two blocks from the trendy retail corridors of Oak Street and
Carrollton Avenue. Spacious open floor plan with 12-foot tall ceilings,
original refinished hardwood floors, exposed brick fireplaces and
separate office/study on the second floor add to the home's appeal.
Not only did Philadelphia give us cheese steaks and soft pretzels, it also introduced the row house
in the early 19th century, called "Philadelphia rows." It was the
perfect urban home and developers could easily profit. In addition to
row houses, Philly also developed "twins," and sets of three or four
homes all built together. Philadelphia's median real estate home value is currently $103,700, but the city is projected to gain 0.9 percent in value between March 2012 and March 2013.
A popular Pennsylvania barn star adorns the clapboard siding of this circa 1981 two-story "twin" located in the popular Chestnut Hill real estate market of Philadelphia where median home values
are currently $390,800. Need to commute into Philly? The historic
Gravers Lane Station is located just a block away and across the street
is a baseball field. The home is within a walking distance to trendy
shops and restaurants of Chestnut Hill and comes with a one-year
Founded in 1847 by Mormon leader Brigham Young, Salt Lake City has
grown beyond simply being the headquarters for the Church of Jesus
Christ of Latter-day Saints. After hosting the 2002 Winter Olympic
Games, Salt Lake's tourism industry has grown and the city is now known
as a convention center hub. The median list price of homes in Salt Lake City is currently $225,000.
Listed on the sweetly named Sugar House real estate market, this brand-new contemporary Salt Lake City home
(above) offers an open floor plan with 3 bedrooms and 2.5 baths with
floors made of concrete and bamboo. Even the garage has a slanted roof.
The house is close to eateries and a planned streetcar line/bike trail.
is synonymous with breweries and home to one of the country's biggest
brewers, Miller Brewing Company, it is also headquarters to 14 Fortune
100 companies such as Johnson Controls, Northwestern Mutual, Manpower
Inc., Harley-Davidson, and Briggs & Stratton, among others. And, in
case you were looking for the perfect bedroom community, Shorewood, WI
could be it. Located about four miles north of Milwaukee, the village
of Shorewood is known for its neighborhoods, architecture, eclectic
shops and restaurants, and exceptional schools. Milwaukee's median home values are currently $87,900; Shorewood's median home values come in at $189,000.
This well-maintained English Tudor offers 3 bedrooms and 1.5 baths and is located in a desirable Shorewood neighborhood.
The home has hardwood floors, leaded glass windows, natural fireplace,
newer kitchen, newer roof and newly finished lower level. Its family
room on first floor was completely remodeled.
As the national headquarters for Starbucks, Amazon, and Microsoft,
Seattle is a city known for its tech companies, caffeinated city folk
and spawning the grunge music scene in the 1990s. Despite the city's
many days of gray weather, the area continues to attract new people. Current median home values are relatively steep, hovering around $346,300.
One of the best things about Seattle real estate
is that some of the homes for sale float. Pay homage to "Sleepless in
Seattle" with this floating home for sale. No, it's not the one featured
in the movie, but it does have French doors that open out to a
wraparound deck with spectacular views of the city. The home also
features slate and hardwood floors and built-in window seats and
One of the biggest cities in the United States, Dallas also has the third-largest concentration of Fortune 500 companies, including AT&T, Neiman Marcus, and ExxonMobil. According to 2010 census data, the Dallas-Fort Worth area grew more than any other metropolitan area in the country, adding 1.2 million people to the area.
Built in 1927, this Dallas home for sale
is a Tudor, which includes all the details of the period: leaded glass
windows, hardwood floors and an arched fireplace. The 3-bedroom,
2-bathroom home has also been extensively updated. The kitchen includes
granite countertops and island, stainless steel appliances and a glass
tile backsplash. The bathrooms also have marble countertops.
Home of the oldest park, art museum, and secondary school, Hartford
is one of the oldest cities in America. Although the capital city made
its start in industry, its current draw is its many insurance companies
as well as proximity to state and private universities.
It's not a Colonial-style home, but this Hartford home for sale
still has plenty of period charm. Built in 1910, the Victorian home has
been "lovingly restored" with soapstone countertops in the kitchen,
hardwood floors, a new roof and new windows. The home has 5 bedrooms and
3.5 bathroom and includes a third-floor mother-in-law suite.
With four major professional sports teams, vibrant economy, sizzling
beach and night life scene and a growing population, it's no wonder Miami's home values are on the rise. Median home values currently ring in at $184,600, which is an increase of 1.9 percent year-over-year.
This Mediterranean-style home in The Hammocks neighborhood
of Miami offers 4 bedrooms, 3 baths and is situated on an oversize lot.
The home has tile on first floor and wood on second floor as well as a
brand new A/C unit.
This California ranch home is on the market in Napa.
While it doesn't come with vineyard acreage, there are a few grape
plants in the backyard. Indoors, the home has been freshly painted and
has an updated kitchen.
Tuesday, June 26 2012 9:00 PM EDT2012-06-27 01:00:19 GMT
Home design can be intimidating. From finding furniture for an oddly-shaped room to keeping a space somewhat kid-friendly, there are always design challenges. Today, with some help from our friends atMore >>
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Tuesday, June 26 2012 8:48 PM EDT2012-06-27 00:48:50 GMT
Borrowing from the boat owners' passel of proclamations, may I suggest: "The best two days of a vacation rental owner's life are the day he buys it and the day he sells it…" Those who live near the shoreMore >>
Those who live near the shore often hear rumors about the piles of money that vacation rentals bring in. "The summer months' rental income pays for the entire year's mortgage," folks will say. That may be true, but what about the rest of the expenses?More >>
Tuesday, June 26 2012 8:41 PM EDT2012-06-27 00:41:16 GMT
We're in the heart of the Grand Slam season, with the French Open wrapped up, Wimbledon on deck and the U.S. Open action for late summer. With the world's greatest players testing themselves on threeMore >>
While most people are confined to playing in public parks or at tennis clubs, some people are lucky enough to own homes equipped with private courts. In honor of the Grand Slam season, we're serving up some of these spectacular tennis court-sporting homesMore >>
Tuesday, June 26 2012 8:36 PM EDT2012-06-27 00:36:44 GMT
Actress Gwyneth Paltrow and rocker husband Chris Martin of Coldplay, are long time East Coast residents, preferring penthouses in Manhattan and a large estate in the Hamptons for their home base.More >>
Actress Gwyneth Paltrow and rocker husband Chris Martin of Coldplay, are long time East Coast residents, but they recently purchased a Brentwood, California. More >>
Tuesday, June 26 2012 8:29 PM EDT2012-06-27 00:29:47 GMT
Reality TV couple Giuliana and Bill Rancic don't own the house that's featured on their show "Giuliana & Bill." In fact, the homes they own are primarily in Chicago, reports The Real Estalker. But forMore >>
Home featured on reality TV show "Giuliana and Bill" for sale for $2.395 million. More >>
Monday, June 18 2012 10:15 PM EDT2012-06-19 02:15:30 GMT
Rather than deal with the prospect of selling a home, comedic actor Martin Lawrence is taking the landlord route, listing his home for rent for an astounding $200,000 a month. Lawrence's massive BeverlyMore >>
Rather than deal with the prospect of selling a home, comedic actor Martin Lawrence is taking the landlord route, listing his home for rent for an astounding $200,000 a month.More >>
Monday, June 18 2012 10:13 PM EDT2012-06-19 02:13:30 GMT
Whether escaping from a saber-toothed tiger or a bad day at the office, men have sought safety in their caves. It's been one constant through the ages. In honor of Father's Day, we've gone in searchMore >>
Whether escaping from a saber-toothed tiger or a bad day at the office, men have sought safety in their caves. It's been one constant through the ages.More >>
Monday, June 18 2012 10:12 PM EDT2012-06-19 02:12:05 GMT
Jim Carrey's Malibu home recently hit the market for $13.95 million. Situated in the Malibu Colony, the contemporary home features all the necessary amenities for entertaining: an expansive deck withMore >>
Jim Carrey's Malibu home recently hit the market for $13.95 million. Situated in the Malibu Colony, the contemporary home features all the necessary amenities for entertaining: an expansive deck with removable walls, master suite balcony, and rooftop deck with hot tub and mood lighting. Likely, the funnyman hosted some of his nearby celebrity neighbors here.More >>
Monday, June 18 2012 10:09 PM EDT2012-06-19 02:09:51 GMT
The buyer of a historic Victorian home in upstate New York fell in love with the gigantic antique mirror in the foyer. The mirror looked as if it were made for the space; it fit perfectly on the wall,More >>
The buyer of a historic Victorian home in upstate New York fell in love with the gigantic antique mirror in the foyer. The mirror looked as if it were made for the space; it fit perfectly on the wall, and the frame matched the surrounding woodwork. In fact, the mirror was so large, the buyer said she "couldn't imagine it going anywhere."More >>
Sunday, June 10 2012 9:46 PM EDT2012-06-11 01:46:43 GMT
Born-and-raised New Yorker Claire Danes may be considered a Hollywood star, but she chooses to live in her childhood neighborhood of SoHo rather than Los Angeles.And although Danes and her husband HughMore >>
Born-and-raised New Yorker Claire Danes may be considered a Hollywood star, but she chooses to live in her childhood neighborhood of SoHo rather than Los Angeles.More >>