Are the ‘Burbs Still Worth It?

Some suburban neighborhoods are not as attractive as they once were because of changing demographics and rising poverty, according to research by the Brookings Institution. "We're seeing a radical transformation," says Chris Leinberger, visiting fellow at the Brookings Institution and professor of real estate at the University of Michigan. Before home buyers pick a neighborhood, here are three basics they may want to check out:
  • Crime stats: Is there a rise in property crimes like breaking and entering and vehicle theft?
  • Are the schools still good? National sites like City-Data.com, GreatSchools.org, and SchoolDigger.com rate them and list test scores for comparison.
  • Have services been cut back? Check library hours, condition of public parks, and ask the neighbors what they think.
Source: SmartMoney.com, AnnaMaria Andriotis (12/15/2010)
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