Finding the Best Deals: Top 5 Cities for Investors
Finding the Best Deals: Top 5 Cities for Investors
Investors have accounted for a greater bulk of real estate transactions in recent months as they've looked to snag some of the ultra-low prices from distressed sales and other properties. In fact, investors are expected to outnumber traditional home buyers three to one in the next two years, according to a recent study by Move Inc.
Inman News recently conducted an analysis of hundreds of real estate markets to determine the top markets for real estate investors, taking into account such factors as the median sales price, loan data, foreclosure sales and discount statistics, population, and unemployment data.
Here are the top five cities that Inman News found as the best real estate markets for investors:
1. Indianapolis-Carmel, Ind.
2. Winchester, Va.-W.Va.
3. Gainesville, Fla.
4. Tuscon, Ariz.
5. Tallahassee, Fla.
In its analysis, Inman also found that 52 percent of the investors surveyed said they would be “somewhat likely” to buy another investment property or vacation home in the next two years.
Source: “10 Best Markets for Real Estate Investors,”Inman News (June 3, 2011)
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