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The Fastest Growing Small Towns



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By : Jacquelyn Marks    99 or more times read
While many people are still wary in making the move to purchase a preforeclosure or foreclosed home, the last month of the year is actually the ideal time to make that purchase. Not only as a gift to oneself, but also family in time for the holiday season, but it also presents a strategic move before things start looking up for the new year.

Location is an important consideration for potential homebuyers. You want to position yourself into getting great foreclosure deals in a location where there is sign of potential growth as soon as the economy starts to recover. This will have a resulting appreciation effect on the property you have bought for less. Of course, one good indicator of this is the available of work or the employment rate of the locality. Some key areas have actually been immune to the recession. To point you to the right direction, here are the top small towns you may want to consider looking into:

  1. Fairbanks, Alaska

    The economic stability of this small community significantly relies on military as it is home to both the Eielson Air Force Base and the Army's Fort Wainwright. In 2009, the recorded average family income in the area is $87,239 with a considerably low unemployment rate of 6.55, which is well under the national average of 9.2%. With more and more people recognizing the livability potential of this area, the population between 2006 and 2009 jumped 13.7%, making it the fastest growing small town in United States.


  2. The Villages and Palm Coast, Florida

    While we all know Florida has suffered catastrophic real estate misery, there are actually certain communities that continue to flourish and present a great place to start over. The Villages is known to be a haven for the retirees. Another great location is Palm Coast, which showed remarkable growth over the past years despite the economic downturn.

    This is because it is home to a number of occupational fields that are immune to recession. There is also the fact that you only have to contend with small town taxes but take advantage of the big city transportation network. Homeowners with a property appraised value of $100,000 will only pay an annual tax of $570.


  3. Lincolnton, North Carolina

    The secret to Lincolntonís immunity against the economic despair that has been ailing the rest of the nation is Nascar racing and the construction of the new highway. A large industry in this area thrives by having been known as the home of racecar builders. Both the top series and backup series teams are located in this area, along with the team shops and manufacturing companies. There is also the new highway U.S. Route 321, which connects to Interstate 85. This new four-lane road places Lincolnton in a very convenient location.

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