What do Nashville, Dallas, Fort Worth, Charlotte, Houston, Atlanta, Oklahoma City, Orlando, Las Vegas and Boise City all have in common? They are the top ten real estate investment markets. Nashville ranks fourth on the list of markets where firms are investing in single-family homes and instead of flipping them they are holding on to them and renting them.
In an article from The Tennessean, Ingo Winzer, president and founder of Local Market Monitor, which tracks local housing prices said, “These markets also have strong home price appreciation, but are still under priced by as much as 28 percent.”
This is important because, the focus was originally on foreclosed properties or properties that needed repair that could be purchased at drastically reduced rates, but in Nashville, Charlotte and Dallas that is not the case, investors are looking at all properties. The housing market was not hit as hard in those three cities, so investment firms are renting the homes allowing home prices to continue their increase.
Many speculate that the rental market will remain strong due to first-time buyers delaying home purchases because of lack of job opportunities and debt.
In Nashville we are fortunate that our job market has remained fairly strong so that may not as big of a concern, but college loans, and tighter loan requirements may factor into decisions in our market.
If are hoping to purchase a home this year, please call me and let me help you get started. Our market has some extraordinary properties and opportunities!