Top 10 Places to Invest in Real Estate
December 22, 2007
According to some economists about half of the top 100 markets are going to see a rise in the near future. While many people are wondering, “how much is my real estate is going to drop over the next couple years”? Some lucky parts of the nation are going to see a rise in home values.
Fiserv Lending Solutions a real estate valuation company says that the picture for many parts of the country is going to be ugly! In 2007, 36 of the one hundred largest markets have seen a big decline in prices. In 2008, that number is going to grow.
Here are the top 10 markets that are projected to see a rise in real estate values: McAllen, Texas is predicted to see a 9.80% rise in 2008, El Paso, Texas is predicted to see a 4.40% rise in 2008, Albuquerque, New Mexico is predicted to see a .60% rise in 2008, Salt Lake City, Utah is predicted to see a 1.90% rise in 2008, Syracuse, New York is predicted to see a 3.60% rise in 2008, San Antonio, Texas is predicted to see a 3.50% rise in 2008, Rochester, New York is predicted to see a 4.20% rise in 2008, Baton Rouge, Louisiana is predicted to see a 2.80% rise in 2008, Fort Worth, Texas is predicted to see a 3.50% rise in 2008 and rounding off the top ten is Birmingham, Alabama with a 3.50% rise in 2008.
The Florida real estate market continues to take a beating along with parts of the California real estate market. The Arizona real estate market is also seeing an adjustment from the major run up from the real estate bubble too.
I find the list interesting and see the South is the predominate factor in the list. I had heard that Texas was doing pretty good.
So for any investors out there here is a great list of cities where you can do well. I see the investors being a big portion of the sales in Florida, California and Arizonia. Last weekend I saw an auction of TV of 1000 houses in Florida. It’s that kind of activity that is going to move this inventory in Florida.