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Huntsville Best Place To Ride Out Recession

By: Huntsville Real Estate Expert Mike Manosky On June 16, 2009
huntsville

huntsville

Huntsville has topped a ‘Best” list once again! Forbes has placed our fair city on the top of its ‘Best Cities For Recession Recovery’. Factors used in when choosing these cities are a diverse economy, heavy growth from educaiton and health care. These cities did not experience the massive real estate bubble similar to California, florida and Nevada.

Huntsville Info:

Current GDP: $16.1 billion
End of 2010: $17.2 billion (projected)
Unemployment: 6.1%

In a recession characterized by battered housing, banking and manufacturing markets, having an economy with a heavy focus on technology helps. Huntsville is home to one of the country’s largest research parks and a major NASA center (not to mention Space Camp).

Once again, I’m proud to live in Huntsville!!

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