HomeVestors Names Top 10 Cities for Real Estate Investing for Second Quarter of 2008
July 16, 2008
HomeVestors® of America, Inc., the company famous for its “We Buy Ugly Houses”® billboards and America’s #1 Home Buyer, has named the top 10 markets for real estate investing in the second quarter of 2008. They are as follows:
1. Dallas, Texas
2. Houston, Texas
3. Atlanta, Georgia
4. Denver, Colorado
5. Fort Worth, Texas
6. San Antonio, Texas
7. Charlotte, South Carolina
8. St. Louis, Missouri
9. Milwaukee, Wisconsin
10. Chicago, Illinois; Kansas City, Kansas (two cities tied for tenth place)
HomeVestors, which has bought more than 35,000 homes in the U.S. over the last 12 years, based the findings on the number of houses bought in each market by the franchise network in the second quarter of 2008.
“This has been a rather ugly year for residential real estate, creating record-setting demand for a trusted national home buyer,” said John Hayes, president and CEO of HomeVestors. “Despite changes in the market, real estate investing continues to grow. From small towns to big cities, people continue to look to HomeVestors to help them out of ugly real estate situations.”
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Comments
2 Responses to “HomeVestors Names Top 10 Cities for Real Estate Investing for Second Quarter of 2008”
On more of these lists being produced by news agencies or real estate firms, we are finding Texas cities mentioned often. Are home values steadily rising in San Antonio as they are in Houston? That is causing many investors to look quickly if they wish to obtain the home they are looking for.
I have seen lists produced by both news agencies and real estate firms. A great example is the “Best Cities To Buy A Home” by Forbes just this week.
San Antonio real estate has appreciated and will continue due to our low unemployment, low cost of living and affordable housing. Many investors are currently investing into our local market because of the very inexpensive Ex. $50,000 or less single family homes you can snatch up. Put $10-$15 thousand into the rehab and sell it on the retail market for $15-$25 thousand more. If your an investor against the fence your better hurry, the deals are not lasting long.