Durham Ranked #1 Best Market for Conservative Investors
Durham, North Carolina was recently ranked the #1 best market for conservative real estate investors, according to the Investor Suitability Report conducted by Local Market Monitor. Originally reported by the Wall Street Journal, then paraphrased by DailyFinance.com, 315 regions were considered during this study. The criteria for consideration included markets where both employment and home prices are relatively stable, with populations having a growing income. Only single family non-rental homes were taken into account.
The Top and Bottom Performers
Rounding out the top five were Huntsville, Alabama; Indianapolis, Indiana; Knoxville, Tennessee; and Lexington, Kentucky. The top worst markets for investors include Reno/Sparks, Nevada; Las Vegas/Paradise, Nevada; Orlando/Kissimmee, Florida; Lakeland/Winter Haven, Florida; and Prescott, Arizona.
About the Local Market Monitor
Local Market Monitor is a company out of Cary, North Carolina that analyzes trends in the real estate industry. They work closely with investors, builders and lenders. To read Daily Finance's article, click here: http://www.dailyfinance.com/2010/08/21/best-worst-markets-real-estate-investors.
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