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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…”


 

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