Realtor.com’s latest top 10 investment markets report shows metros just off the beaten path leading the way.
Built from Realtor.com data updated through February 2012, the report put Tucson, Ariz.; Austin, Texas; and Kansas City, Mo., as the top current real estate markets to invest in.
The top 10 list was built by analyzing the housing inventories, price trends and unemployment rates from the Bureau of Labor Statistics for 146 markets Realtor.com tracks.
This is the back area of a home currently listed in mid-town Ventura. The house itself is a lovely handyman special craftsman with a high ceiling basement, and original touches throughout. What makes this home so unique is the property behind the home on which you can build another house. It’s a must see!
Calif. median home price: January 2012: $268,280 (Source: C.A.R.)
Calif. highest median home price by region/county January 2012: Marin, $694,440 (Source: C.A.R.)
Calif. lowest median home price by region/county January 2012: Tehama, $110,000 (Source: C.A.R.)
Calif. Pending Home Sales Index: January 2012: 102.4, an increase from the revised 93.1 recorded in January 2011 Calif. Traditional Housing Affordability Index: Fourth quarter 2011: 55 percent (Source: C.A.R.)
My day starts by flicking on my computer and going through the new inventory of houses for sale. If I see something one of my buyers might be interested in, I send along an email, make a phone call or schedule a time to preview the property. (I’ll repeat this obsession of looking about 5-6 times by end of day.)