A new report from HomeVestors of America Inc. and Local Market Monitor states that Orlando is the best real estate market in the U.S. right now for investment. The report takes into account strong rental markets where home prices are likely to increase steadily in the coming years, resulting in better returns, as home bargains become increasingly difficult to find.
Among the indicators supporting the finding is a fast growing population (4% or better), primarily coming from people moving to the area in search of jobs; job growth of 2 percent or better; and low unemployment. Rounding out the top ten after Orlando are Dallas, Riverside-San Bernardino, Calif., Seattle, Austin Tx., Fort Lauderdale, Charlotte, N.C., Atlanta, San Diego, and San Antonio.
“The boom in snapping up foreclosed properties is pretty much over,” said Ingo Winzer, president and founder of Local Market Monitor. “Our Top 10 list consists of growing markets where higher home prices already signal more demand than supply, and where renters are at least a third of the local population.”
