5 Best Places to Buy Foreclosures in 2013
No. 1 best market: Palm Bay/Melbourne/Titusville, Fla.
This metro area along the Atlantic coast is home to the Kennedy Space Center -- which is fitting, because its market soared toward the moon during the housing boom, then fell back to Earth in the bust.
"You have still the leftover wreckage from the housing bubble -- bad loans, a slow foreclosure process and lots of people who are 'underwater,'" Blomquist says.The Kennedy center has also cut thousands of jobs in the past year or so following the space-shuttle program's termination, adding to the 540,000-population area's problems. "A soft underlying job market only aggravates
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts