Best Cities to Invest in Real Estate on a Budget?
| By:
Fellow GDREIA Members
Best Cities to Invest in Real Estate on a Budget? BY BRAD BECKETT ON JULY 26, 2016 What are the best cities to invest in real estate on a budget? Of course everyone has a budget they have to work with – even Donald Trump. Recently Realtor.com (using data from HomeUnion) crunched the numbers to find the top ten markets for first-year home price appreciation as well as the best first-year return on rental properties. The data drew on single-family homes priced $232,500 and under, representing the median price of existing homes at the time of the survey. “The timing is right to invest in real estate: Median prices on existing (and not newly built) homes are expected to increase 6% this year, according to realtor.com. That makes housing a stronger bet than other investment opportunities such as the stock market, which has been delivering anemic or wildly uneven returns.” “…Even when times get tough, or the country falls into a recession, rental properties still do relatively well…”
