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Top 20 Real Estate Investment Markets for 2010
| | Tuesday, January 26, 2010 @ 09:41 AM EST
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Contributed by: Robert T. Boyer, Ph.D.
Robert T. Boyer, Ph.D. Properties
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In a national housing market fueled by tax credits,
some areas hit bottom in early 2009 – at least for entry level housing. Multiple-offers and bidding wars continue in
these areas despite an ongoing use of strategic defaults, notices of default
proportionate to unemployment levels, legislation changes, government
sponsored loan modifications, and a growing shadow inventory. If the national real estate market is like an
ocean, with peaks, troughs, and tides, then where then should a real estate
investor look for residential investment property?
www.FinestExpert.com’s first annual Top 20 Real Estate Investment Markets,
analyzes over 10,000 real estate markets according to the US Census data (covering
over 95% of the US population) to identify the most suitable places for real
estate investors to seek stable and growth oriented areas.
It is not
enough for the home prices to be dirt cheap with nowhere to go but up (because
they could hobble along at depressed rates for a long time). If it were that simple, real estate investors
would be in a “land rush” to get back into the rust-belt.
Stabilizing
and turning-around housing prices follows basic supply and demand
principles. San Francisco based
www.FinestExpert.com compiled a collection of key factors, such as strong employment,
rental markets, and growth levels as offset by
foreclosures, that combine to determine the “best” real estate
investment markets.
It is
important to note that these top 20 markets are identified as good buy-and-hold
real estate investment markets (vs. a quick fix-and-flip … although those deals
certainly exist as well). Consequently
cash-flow positive properties were a critical component – which takes into
account home prices, hyper-local rents, plus taxes, insurance and other
operating expenses. All this information
is wrapped up in www.FinestExpert.com’s FE-Score,
the first of its kind quantitative rating system to score residential real
estate as potential investment property. On a scale to 1,000, a truly hot cash-flow deal is any rating above 850.
Co-Founder, Robert Boyer said, “Everyone wants a deal, no matter what market they are in. www.FinestExpert.com tracks property prices and
values to compute an effective “discount” for every property, thus allowing
users to easily find the golden nuggets.” In the table below, the column “discounted properties” documents how
many listings (and the percentage of total listings) that are at least 10%
below their estimated value. (I.e., properties with built-in equity)
For the
first-time homebuyer, a good cash-flow deal represents the ability to own for
less than it would cost to rent. These
make excellent starter properties, especially for someone who may want to one
day become a real estate investor.
The Dallas-Fort
Worth-Arlington, Texas
metro area heads the list of best real estate investment markets for 2010, with
twelve specific places to consider. Other Texas areas in the top 20 real estate markets
are the Houston-Sugar Land-Baytown metro area, Killeen,
San Antonio, and Midland, TX
To see the entire article and all the hottest investment areas, see the www.FinestExpert.com blog
Author Resource: www.FinestExpert.com provides technological solutions to instantly find investment worthy residential real estate opportunities, nationwide. They apply extensive investing and analysis experience to provide the first of its kind, nationwide real estate search for residential investment property based on property financial characteristics as well as the more common property and location characteristics. 10,000,000-plus homes for sale, foreclosures, and rental listings are processed and pre-analyzed weekly to enable real estate investors to replace hours of number crunching with just a few clicks.
Note: To profitable investing,
Robert T. Boyer, Ph.D.
Co-Founder http://FinestExpert.com
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