House-buying franchise HomeVestors, and real estate forecaster Local Market Monitor compiled a somewhat surprising list of the top 10 cities that are good bets for real estate investment at the end of 2015. The fourth quarter data ranks 10 metros that will likely be good rental markets and where home prices are poised to increase at a healthy rate over the next few years. The list did produce some surprises, and a lot of variety. Florida has two cities on the list, only bested by Texas, which has three. Grand Rapids, Mich., took the top spot on the list, with Orlando coming in second. Tenth on the list is Ft. Lauderdale. The other cities are scattered around the country-- two in the Northwest, one in Utah and another in North Carolina. The criteria used to include markets in the analysis were: Population growth of 4 percent or greater Current rate of job growth of 2 percent or better Low unemployment The criteria are...
- HomeVestors and Local Market Monitor list 10 good bets for real estate investment.
- The fourth quarter 2015 list found that two Florida cities are good buys, including Ft. Lauderdale.
- The analysis favored cities with low unemployment and high job growth.