The Five Best Cities to Find Housing Bargains

Lyneka Little

03/31/08 - 10:00 AM EDT
The U.S. housing market is not pretty for homeowners, but for those looking to buy a home, the meltdown has created opportunity.

We asked RealtyTrac, a real estate tracking Web site, to compile data for MainStreet of the top metropolitan statistical areas and cities experiencing the highest volume of foreclosures in February. We took the figures and compared them to figures from the Bureau of Labor and Statistics, and picked five cities with high foreclosures rates that managed to have an unemployment rate below the 4.8% average rate in February for the United States.

Click here to read Mainstreet's top five buying opportunities .