November 19, 2010 - Those packing their moving boxes and heading to some of the wealthiest communities in the New York metropolitan area are enjoying more stable home values.

Experts with Fiserv Case-Shiller told the Wall Street Journal that while national home prices might continue to bounce along the bottom before rising, communities with better amenities and with quicker commutes are likely to reach some measure of stability sooner.

For that reason, those hiring long distance moving companies and relocating to neighborhoods such as Old Greenwich, Connecticut, would enjoy the benefit of fairly stable home equity after relocating. The prices there aren't cheap - median home prices rose from $1.14 million last year to $1.47 million during the first half of 2010. At the same time, families moving there enjoy a close proximity to New York City and top-notch education, said the report.

More affordable local zip codes - such as Mendham, New Jersey, have also seen prices rise from last year.

Though some communities around the Big Apple might have more affordable homes, those consulting vanlines for their relocation to a home in New York City should be prepared to see more expensive listings. A report by the National Association of Home Builders showed that homes in the city were the least affordable in the country.
 

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