What are the Top 5 Real Estate Markets in the US for Investors?
If you are one of the risk-takers in today’s real estate market, you may be interested in investing in one of the Top 5 Real Estate Markets for investors.
While the numbers 5-10 have been previously released, below are the top 5 places you should consider investing in real estate.
Top 5 Real Estate Marketing for Investors
5. Fort Worth, TX. Employment is key to this high ranking. Fort Worth is hosting an unemployment rate of about 7.1 percent, driving the demand for homes as more people pour into the area. Homes are selling almost 20 percent quicker than last year and the list price average is 8 percent higher than this time last year. Investors are considering wrap mortgages as a means of purchasing property. Wraps or wraparound mortgages are security tools whereby the seller who is agreeing to finance the sale of their property, will encircle their existing financing around the current debt they owe with their own financing provided to the buyer. This seller financing options makes quick sales feasible and is also a great way to get around credit issues facing buyers today.
4. Baltimore, MD. Here, the average list price at $239,000 is up over 3 percent from last year and it’s a good time for investors to buy and achieve maximum gains. The housing inventory is down over 25% from last year, showing active buying in the area. The Ford Meade and Annapolis areas are offering a steady, growing area of employment for both buyers and renters. Additionally recent military initiatives have welcomed more personnel to the area, adding to the demand.
3. Kansas City, MO. Recovering from a drop of 8.4 percent from their high point, Kansas City owes their rebound to a relatively low unemployment. This 7.3 percent job market is helping with the demand as the age of the inventory is down and the list prices are up almost to $134,950. In fact, some areas of town are reporting a lack of inventory to meet the needs of the buyers flocking to the area. Listings can sell within the first few days of listing and even attract multiple offers.
2. Austin, TX. Austin was not hit nearly as hard by the housing bust as other areas of the country. However, it’s potential for growth is considered one of the best in the nation. With excellent employment rates of approximately 6.3 percent, this benefit is driving the the demand for quality homes, both sole ownership and rental. Here in Austin, homes are selling at two times the national rate with an average listing price of $229,500. The conditions are excellent for investors to act.
1. Tucson, AZ. From worst to first, Tucson saw a market where prices dropped a whopping 31 percent during the housing bust. But that has steadied as forclosure numbers are dropping. The median listing price was $170,000 earlier this year, which is a over 3 percent higher than last year’s numbers. In addition, houses are selling faster than a year ago, forcing investors to act or pay higher prices.
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