If you are thinking of investing in real estate it is always important to know where not to buy. Here is a list of the 10 worst places to purchase real estate.
|1.||St. Louis, MO - Appreciation for new homes = -5.3%; Appreciation for Existing Homes = -28.6%|
|2.||Pheonix, Arizona - Total Price Appreciation 2003 to 2005: -22.3%|
|3.||Chicago, Ill - Appreciation for new homes =-45% ; Appreciation for Existing Homes = -11.3%|
see the rest of the Top 10 list here: http://www.listafterlist.com/tabid/57/listid/6034//Worst+Neighborhoods+to+Purchase+Real+Estate.aspx