Markets & EconomyRentals

Pro Teck Valuation Services’ Home Value Forecast pinpoints best markets for rental investing

Several new markets enter top 10 in June

Are you considering making an investment in a single-family home as a rental property this summer? The Pro Teck Valuation Services' Home Value Forecast measures the 10 best and worst markets for rental investment opportunities and includes a wide array of factors that potential investors should consider before taking the plunge to make a purchase. Pro Teck measures by the Core Based Statistical Area (CBSA), using key factors such as: Months of remaining inventory (MRI) Sales/listing activity and prices Sold-to-list price ratio Foreclosure percentage REO activity Days on market (DOM) "The top 10 -- actually, the top 20 -- CBSAs this month were all in the West or Southwest, with the furthest east CBSA being in Texas," said Tom O'Grady, CEO of Pro Teck Valuation Services. "There are several new markets in the top 10 this month, including Portland (Oregon), Cheyenne (Wyoming), Grand Junction and Colorado Springs (Colorado). Also, for the first time in six months, S...