Expected price increase
: 4.2 percent Unemployment rate
: 7.5 percent (185th lowest) Change in home prices (2010Q4-2011Q4)
: -2.4 percent
Home prices in Glens Falls, NY, declined only moderately during the housing crisis. Homes lost 7 percent of their value from their peak, much lower compared to a 34.2 percent average decline nationwide. Still, the 2.4 percent drop per year between the end of 2008 and 2011 was apparently enough for investors to identify the region as a potential investment. The regional economy remains stable, with an unemployment rate of 7.5 percent, well below the national average. Fiserv projects home prices in the area to increase 4.2 percent by the end of this year and increase an average of 7.2 percent per year by the end of 2016.
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: The States With The Most Homes In Foreclosure The Ten Most And Least Affordable Cities To Buy A Home Nine Countries Where Unemployment Does Not Exist The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.