The real estate crash has obliterated home prices and forced millions of people into foreclosure and bankrupty… but as we have been reporting over the last few weeks…we see big signs that the worst is behind us.  

New home starts are up 36 percent, factory and industrial output is up, job loss has slowed from 700,000 job losses last January to only 20,000 January 2010.  If you need more proof…the Fed just increased the discount lending rate it charges banks for the first time in years.   If they didn’t think the economy was heating up…they would have never raised rates.  And, we think they know something about an improving  job market that they’re keeping to themselves for now…

So, what cities will come out of the crash the fastest?  Where can you invest and look like a Warren Buffett investor in 5 years?  Here are 10 cities where Moody’s and the New York Post think you can put your money to work now.

1. Memphis, TN

2.  Salinas, CA

3.  Medford, OR

4.  Washington DC and surrounding areas

5.  Mobile, AL

6.  Las Cruces, NM

7.  Fayetteville, NC

8.  Phoenix, AZ

9.  Fort Worth.Arlington, TX

10. Cincinnati, OH

To read the complete article, with detailed explanation for the picks… CLICK HERE!!!

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1. Michelle says:

   February 22, 2010 at 12:51 pm

   Yes! Las Cruces made it on your list. It is really a wonderful place to live and the real estate is very reasonable. I love the new southwest style custom built homes in the area.