Home Loan Focus

There are a number of factors that determine when and where someone will buy a home. Lately, there has been an increasing trend of homeowners looking to relocate to “Dream towns”. Dream towns are eerily similar to the “bedroom” or “commuter” communities that gained popularity over the last 25-30 years as people escaped the big cities and swarmed the suburbs.

With many Americans sharing their preference of small town over big city living, it is no wonder why places like Lebanon, VT and Concord, NH are enjoying an influx of new residents due to the availability of foreclosure opportunities as well as fully developed infrastructure with a small town feel. The top ten dream towns have many differences while sharing a common theme of being either geographical regions (New England and the Midwest) or maintaining relative proximity to the ocean.

People are retiring, approaching retirement, looking to be closer to family again, and some are even cutting the tethers and working from home.  All of these factors are enabling people to choose their perfect location to live.  They don’t want to settle for a cheap plastic watch when they could choose gold watches with just the right fit.  They want it all and as they look at the pitfalls in the mortgage system, their probably thinking that if they have to risk so much to buy a home in this economy, they might as well do it in their dream town.  It might just be the last opportunity they have to move.

Source: MSNBC

Top Ten List of Dream Towns for 2008

1.    Torrington, CT
2.    Bozeman, MT
3.    Lexington Park, MD
4.    Lebanon, NH-VT
5.    Helena, MT
6.    Kalispell, MT
7.    Mankato, MN
8.    Oak Harbor, WA
9.    Stevens Point, WI
10.    Concord, NH

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