South Bend Tops in Nation for Best Home Value
Jan 6, 2010
South Bend is the best city in the nation to find value, stability and rising prices in a home while living in a community with anticipated job growth, according to a real estate expert interviewed Jan. 5 on NBC-TV's Today Show.
Barbara Corcoran, a real-estate contributor to the Today Show and CNBC, ranked South Bend first among the "Top 10 Cities for Bargain Homes."
In South Bend, Corcoran told interviewer Ann Curry, the median "price is just $89,000, and prices have been rising steadily for almost a full year now.
"Still, the median price is only half of what it is in the rest of the nation," she said. "That's an enormous difference -- a lot of house for the dollars."
Corcoran's report showed a three-bedroom Victorian home in South Bend as she commented, "Pretty! Pretty! Pretty! It's $90,000. That is a creampuff of a house – in great condition."
If the availability of housing values weren't enough to put South Bend atop her list, "the cost of living is a whopping 29 percent lower than anywhere else," added Corcoran who sold her company The Corcoran Group for $70 million in 2001.
Here is Corcoran's ranking of cities as appeared on the Today Show:
1. South Bend, Ind.
2. Akron, Ohio
3. Topeka, Kan.
4. New Haven, Conn.
5. Tucson, Ariz.
6. Minneapolis
7. Portland, Maine
8. Miami
9. Kingston, N.Y.
10. Trenton, N.J.
South Bend is the best city in the nation to find value, stability and rising prices in a home while living in a community with anticipated job growth, according to a real estate expert interviewed Jan. 5 on NBC-TV's Today Show.
Barbara Corcoran, a real-estate contributor to the Today Show and CNBC, ranked South Bend first among the "Top 10 Cities for Bargain Homes."
In South Bend, Corcoran told interviewer Ann Curry, the median "price is just $89,000, and prices have been rising steadily for almost a full year now.
"Still, the median price is only half of what it is in the rest of the nation," she said. "That's an enormous difference -- a lot of house for the dollars."
Corcoran's report showed a three-bedroom Victorian home in South Bend as she commented, "Pretty! Pretty! Pretty! It's $90,000. That is a creampuff of a house – in great condition."
If the availability of housing values weren't enough to put South Bend atop her list, "the cost of living is a whopping 29 percent lower than anywhere else," added Corcoran who sold her company The Corcoran Group for $70 million in 2001.
Here is Corcoran's ranking of cities as appeared on the Today Show:
1. South Bend, Ind.
2. Akron, Ohio
3. Topeka, Kan.
4. New Haven, Conn.
5. Tucson, Ariz.
6. Minneapolis
7. Portland, Maine
8. Miami
9. Kingston, N.Y.
10. Trenton, N.J.
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