Topeka is #3 in the U.S. to Buy A Home

Barbara Corcoran, a consultant for NBC’s Today show, named Topeka as the number three city in the country to buy a home, right behind South Bend, Ind. and Akron, Ohio. Locations were picked based on local real estate markets, size and value of houses, job growth and quality of education.

“Home prices haven’t gone down by more than 1 percent,” Corcoran said of Topeka. “Unemployment is only 6 percent. And it’s a great family area.”

Topeka sales statistics show the number of active real estate listings in November 2008 were 1,266, nearly identical to 1,278 active listings in November 2009, according to the association. However, the number of pending sales on Dec. 1, 2009 was 235, up from 77 pending sales on Dec. 1, 2008.

The average sale price of new and existing homes in November 2009 was $122,895, up from $120,093 the previous November, according to the Topeka Area Association of REALTORS®.

Top 10 top cities to get the most bang for your buck:

South Bend, Ind.
Akron, Ohio.
Topeka, Kan.
New Haven Conn.
Tuscon, Ariz.
Minneapolis.
Portland, Maine.
Miami.
Kingston, NY.
Trenton, NJ.

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