With the continuing recovery of the housing market, and continued improvement in U.S. employment, several markets are presenting solid opportunities for real estate investors. This DS News article by Xhevrije West highlights ten markets that topped the list of HomeVestors and Local Market Monitor’s Best Markets for Real Estate Investing in the first quarter of 2016. Among the top ten metros: Dallas, San Antonio, Orlando, Atlanta, Charlotte, Nashville, Tampa and Phoenix.
HomeVestors and Local Market Monitor recently identified the ten best markets for real estate investors for the first quarter of 2016 based on cities with increased job opportunities in the last year. The report showed that the overall national average increase was 1.9 percent.
At the top of the list for investors is the Dallas-Plano-Irving, Texas metro area. San Antonio, Texas came in second, and Grand Rapids-Wyoming, Michigan took third, but their numbers were strong, according to the data. Wrapping up the top five best cities for real estate investors are Orlando, Florida follows and Atlanta-Sandy Springs-Marietta, Georgia.
“Good job growth is driving prices higher in our markets, mainly in business services but also tourism (Orlando, San Antonio), finance (Charlotte, Dallas) and manufacturing (Grand Rapids),” said Ingo Winzer, President and Founder of Local Market Monitor.
HomeVestors and the Local Market Monitor also based the ranking on markets that will be good rental markets and where home prices are likely to rise at an increased rate over the next few years. Other important criteria considered includes markets where the population has been growing at above-average rates with growth coming from people moving there in search of jobs; the current rate of job growth of two percent or better; and there is low unemployment, so that new jobs will be filled by people who move there, not by unemployed people who are already there.
