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Top 10 Smartest Cities to Buy a Home

Everyone wants to obtain the American Dream by starting a family and owing a home.  Of course, you have to take into consideration the spread between what you would spend on renting a place and what you would pay for a mortgage.   The premium to buy is much lower than the 15 year average in many cities.

Forbes magazine put together a list of what cities are smart buys.  They computed the premium and identified locales where economists predict home prices will go up the most over the next 5 years.

These are the Top 10 cities that Forbes chose as the best places to buy right now:

  1. Boston-Cambridge-Quincy, Mass.
  2. Charlotte-Gastonia-Concord, N.C.-S.C.
  3. Chicago-Naperville-Joliet, Ill-Ind-Wis.
  4. Cincinnati-Middletown, Ohio-Ky.-Ind.
  5. Denver-Aurora-Broomfield, Colorado
  6. Minneapolis-St.Paul-Bloomington, Minn-Wis
  7. Philadelphia-Camden-Wilimington, Pa-N.J.-Del.-Md.
  8. Portland-Vancouver-Beaverton, Ore-Wash.
  9. San Francisco-Oakland-Fremont, Calif
  10. Washington-Arlington-Alexandria, D.C-Va-Md-W.V.

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