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How to Spot an Up and Coming Neighborhood

January 28, 2014

 

Talk to anyone who has spent a couple of decades in the same city, and you’ll undoubtedly hear about some neighborhoods that went from rags to riches. Twenty years ago, nobody who was anybody would be caught dead in this or that area, but now, people are lining up for a chance to live there. Sound familiar?

A buyer can save lots of money by buying a home in a neighborhood that is on its way up, but how can you figure out if an area is up-and-coming or down for the count? Trulia has rounded up a few indicators, including the somewhat obvious (rising property values) to the more obscure (a Whole Foods opening up!). What do you think? Would you buy a home in an up and coming area, or does it seem like too much of a gamble?

Check out the full article here.

Image of Westgate in Columbus, Ohio from Wikipedia

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