Wall Street Journal has named Memphis one of the top places to buy a home over the next two years.
Home price gains of about 10 percent are expected in the city, along with Seattle and Tucson, Ariz. The top spot was given to Tacoma, Wash., according to a report released recently from financial-data firm Fiserv Inc. Other strong markets are forecasted to be the Palm Bay and Melbourne area on Florida’s eastern coast – both up 18 percent.
David Stiff, Fiserv’s chief economist, said cities like Tacoma and Seattle have strong, diverse economies and should fare well over the next two years. Areas like Palm Bay-Melbourne, Tucson and Memphis were hammered by price declines but now are seeing strong interest from investors, Stiff said.