Home buying in an urban market can be a tricky business and Trulia has provided an excellent primer on what to look for n an up-and-coming neighborhood. Below are a few highlights:
- Days on the Market: A steady decrease in the days homes are on the market is often a strong sign of a revitalized neighborhood, even before the prices actually increase.
- Construction and remodeling: Are there new buildings going up and older ones being rehabbed? If so, this could be sign of a neighborhood coming back to life.
- Organic grocery and other speciality stores: New restaurants, small boutiques, organic groceries and other speciality shops are strong signs that a neighborhood is changing and on the upswing.