Personal Business - Places to Retire
October 29, 2007
Hot Spots That Have Cooled Lure Savvy Retirees
By Christopher Palmeri
Sinking housing prices are stressing homeowners. But behind "for sale" signs in some desirable locales lie golden opportunities for retirees who can choose when and where they want to move.
To identify some of the best values in places to retire, we talked to industry insiders who follow housing trends, checked national real estate databases, and contacted local brokers.
What follows are snapshots of four markets that have cooled considerably in recent months. Our fab four are all fast-growing communities blessed with natural beauty and an array of activities. They happen to be in the East and West, but similar softness has shown up in Texas, Michigan, and other parts of the country.
Central Oregon's largest city is a onetime timber town that turned to tourism