Texas Dominates Top 10 Rental Markets for Real Estate Investors
Although the inventory of foreclosed homes is shrinking, opportunities for real estate investment abound, especially in the Lone Star State.
According to a recent report released by HomeVestors and the Local Market Monitor, Texas cities including Dallas (#2), Houston (#3), Austin (#4) and San Antonio (#7) dominate the top 10 list of the best markets for real estate investors.
The criteria for the top 10 selection includes:
- The population has been growing at above-average rates (4% or better) with growth coming from people moving there in search of jobs
- The current rate of job growth of 2% or better
- There is low unemployment, so that new jobs will be filled by people who move there, not by unemployed people who are already there
- Additionally, markets that have a small population because they don’t have stable economies were excluded
To view the entire list and read more about the report, see the related press release.
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