Inman News™ just released their exclusive Special Report: 10 Best Markets for Real Estate which examined housing, demographic and economic data for hundreds of metropolitan areas nationwide.
Inman News™ just released their Special Report: 10 Best Markets for Real Estate Investors. This exclusive report examined housing, demographic and economic data for hundreds of metropolitan areas nationwide in developing a list of 10 markets that may be best suited for house-hunting investors.
The analysis considered markets with high affordability, low and dropping prices, a high market share of foreclosure sales, high population growth, an improving unemployment rate that is close to or better than the national average, high projected return on investment (ROI) over the next decade, and a low total cost of ownership-to-rent ratio.
The 10 markets are, in order: Indianapolis-Carmel, Ind.; Winchester, Va.-W.Va.; Gainesville, Fla.; Tucson, Ariz.; Tallahassee, Fla.; Hagerstown-Martinsburg, Md.-W.Va.; Salt Lake City; Richmond, Va.; Gainesville, Ga.; and Winston-Salem, N.C.
Seven out of the 10 markets are in the South, two are in the West, and one is in the Midwest. None of the markets are in the Northeast.
According to the report, investors tended to be more confident about the housing market than primary homebuyers: 77 percent of investors said “now is a good time to purchase real estate,” compared with 68 percent of primary-home buyers. “Historically speaking, whenever economics favored buying rather than renting, or … were about even, people favored buying because of the perceived benefits of homeownership,” said Rick Sharga, senior vice president of foreclosure data site RealtyTrac.
The selection and analysis of the top 10 markets for real estate investors included economic, housing and demographic data from a variety of sources. The report used U.S. Census Bureau figures for population growth between 2000 and 2010, and Bureau of Labor Statistics unemployment data.
The report also utilized affordability data from the National Association of Home Builders and median sales price data from CoreLogic, via NAHB. The median price data includes attached and detached residential properties and multifamily structures with up to three units. The data are sourced from public records.
To view the complete report along with a detailed account of the methodology, please visit: http://www.inman.com/reports/10-markets-invest/index.html. A free PDF copy of the report is available on the web site. Members of the press interested in additional information can contact press (at) inman (dot) com.
About Inman News
Inman News (http://www.inman.com) is the leading source of independent real estate news, information, advice, research, technology, opinion and commentary for industry professionals and consumers alike. Inman’s award winning, unbiased and hard-hitting stories are known throughout the real estate industry. Agents and brokers globally trust Inman News as their first source of accurate, innovative and timely daily real estate news. For more information, visit http://www.inman.com.
(510) 658-9252 x147
Tagged with: Alameda California • Apartment Complex • Bank Owned • Bankruptcy • Breaking news • Broker • Bureau of Labor Statistics • Cash flow • Chapter 11 • Chapter 13 • Commercial property • Commercial Real Estate • CoreLogic • Credit Rate • Deed in Lieu • Defaulted Loans • Discount Mortgage • Distressed Property • Foreclosure • Foreclosure Auction • Industrial Property • Investment Property • Lease Purchase • Loan Modifcation • Loan Mods • Mortgage loan • Multi Family Property • NAR • National Association of Home Builders • Real estate • Real Estate Appraiser • Real Estate Investing • Real estate investment trust • RealtyTrac • REIT • Rental Property • REO • Self Storage Buildings • Sheriff Sale • Short Sale • United States Census Bureau • Wholesaling
Filed under: Real Estate
Like this post? Subscribe to my RSS feed and get loads more!