Real Estate Investing -the Best and Worst Markets

According to Local Market Monitor Inc., a Cary, N.C., firm that analyzes real-estate trends for lenders, builders and investors, North Carolina is a GREAT place to be investing in real estate.

I agree!  We never had the boom, we never had the bust, and North Carolina ranked third in the US for population growth in 2009.  I love North Carolina!

Does this graph tell you anything you didn’t know? Data for this survey was taken through July 31, 2010 across 315 US markets of towns with greater than 200,000 residents.

According to this report, what did we have going for us?

1. low probability that home prices will fall further
2. income is growing moderately
3. employment is relatively stable
4. a small share of jobs in construction or financial services
5. home prices are already stabalizing
6. good price-appreciation potential

And the problems in the worst markets?

1. prices could fall further
2. little potential for a turnaround because of poor local economies
3. a large percentage of home sales involve “distressed properties” – bank-owned homes or short sales, where lenders agree to sell properties for less than they are owed

Didn’t tell me much about this area that I don’t already know.

Media info is powerful and influential.  I talk to people all the time who think real estate is in the toilet because of sources like CNN.  Most know very little about the facts in their area.

This negative opinion can play in our favor when buying or selling but, as investors, we have to realize how to use this market (any market) to make our potential profits soar.

Now is a great time to be investing in North Carolina.  If you want to know how, ask me here or go to my coaching site – Triad Mastermind.  If you aren’t investing currently, 10 years from now you’ll be kicking yourself!  Get educated and get investing!