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New List of Hot Spots

It seems every few weeks there's a new list of markets that are hot or potentially hot. This list, from Forbes, seems a bit more legit than most. Theses are areas that haven't seen the run up that was part of the real estate bubble, have strong job grow, are fairly affordable, and now being sought out by investors from Californian and Las Vegas. A lot of these areas have good weather for long stretches of the year, quality of life factors are on the plus side. If anything, this list show you that real estate is all local.

Salt Lake City, Utah
Binghamton, N.Y.
Salem, Ore.
Farmington, N.M.
Allentown-Bethlehem-Easton, Pa.-N.J.
Beaumont-Port Arthur, Texas
Reading, Pa.
Glens Falls, N.Y.
Spokane, Wash.
Cumberland, Md.-W.Va.

Home prices nationwide posted their biggest drop in 16 years last month, according to the National Association of Realtors.

But someone forgot to tell the folks in Salt Lake City. There, the median home sale price jumped 21% in the second quarter this year, versus the same period last year.

See pics here.
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