Buying a house is a big-time real estate investment company and has to be made with great caution. To know not where to buy a house just as important as the do’s and don’t of buying a home. Of the many Top Ten lists on CNNMoney. com, is listed the top ten cities to buy overvalued in America, where it is better not to a home for the next two years or so. The report says a number of reasons for the unfavorable market conditions. Five cities in California – Bakersfield, Fresno, Merced, Sacramento and Stockton, figure among the top ten cities that have the least chance of home price appreciation.

Home prices have reached a new high (almost 60%) in these areas over the past two years. With an economy driven by agriculture and relatively higher unemployment rates expected for this area, the housing market slump is expected in the region. Although the three cities in Florida buys recommended as a good property, the report also identifies four others in southwest Florida and is among the very bottom of the list. With home prices here are expected to be falling very soon, cities such as Fort Myers, Naples, Punta Gorda, Sarasota, and those who would do it, the best time for a year or so to avoid when buying a house or condominium. Market prices are anticipated) in the Jersey Shore (New Jersey drop area, which has a radical boom in the last two quarters. Although home prices have rebounded in the third quarter of the slight fall in the second quarter, is expected soon to burst the bubble, and the overpriced market should stabilize.

The popular beach cities of New Jersey, Atlantic City and Ocean City are not expected to fall under the unfavorable list. In Phoenix, Arizona, a hot favorite among the investors in the past year, sliding home prices may be an inevitable occurrence in the next 12 months. With house prices falling by more than $ 100,000 in some new developments and investors are trying to sell their property, it is safer to wait for a year or more before they invest here. Economists at Moody’s Economy. com also say a significant decline in Riverside and San Bernardino counties, California’s Inland Empire.

The bottom ten cities that are likely to have significant fall in average house prices in the coming years Stockton (leads the list with a projected decline of 9 seen. 7%), Merced, Reno / Sparks, Fresno, Vallejo / Fairfield, Las Vegas, Bakersfield, Sacramento, Washington, DC and Tucson. Given this volatile real estate market conditions should one exercise a high degree of caution when investing in real estate. It makes sense, the advice of an estate agent to get you advice about your next house purchase, because agents often have access to the most up-to-date real estate price trends and neighborhood data.