The Rent vs. Buy debate is a never ending affair when it comes to houses. But we are not here to discuss which option would be better. Instead, for those of you who are interesting in making a real estate purchase, we would like to present you with a list we have compiled of the top 20 markets for real estate investing.
The following areas were ranked according to the statistics released by the Local Market Monitor, which evaluates over 300 housing markets across the USA. The most important indicator Local Market Monitor used to rank the following cities is the Equilibrium Home Price, which indicates what the actual cost of the house would be, if there were no factors, such as speculation or housing collapse, affecting the price. Experts at Local Market Monitor presume that house prices will eventually increase to this level, which is why they granted each of the following markets with a specific growth forecast.
The following housing markets are suitable for both people looking to become home owners and for those looking for houses they can buy and subsequently rent. Curious to see which are the top markets for real estate investing? Let’s take a look at the countdown.
Note: the countdown only applies to US housing markets.