According to a recent report issued by Inman News, the South is the place to invest in real estate.
The company compiled a list of the 10 top markets for real estate investors based upon several factors, including affordability, prices fluctuations, foreclosure sales, population growth, unemployment rates and return-on-investment rates during the next 10 years.
While Indianapolis topped the list, seven of the top 10 markets were located in the South. Florida had two of the top five markets in Gainesville and Tallahassee. Two markets were located in the West and one in the Midwest, while no Northeast markets appeared in the top 10.
Investors relayed to Inman News that now is the time to invest in real estate. In fact, 77 percent of investors felt this way, compared to 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," Rick Sharga, senior vice president of RealtyTrac, told the source.
While real estate investors will favor the aforementioned cities, Houston, along with Minneapolis and Dallas, are among the most popular for commercial properties. The Houston real estate market could improve dramatically as more businesses turn their attention to the area.
Courtesy of 2M Realty News