Forbes.com lists best cities for real estate investments
Seattle tops the list of best cities for real estate investors, according to a recent story on Forbes.com.
The story says that the Urban Land Institute asked real estate professionals to list the best places for investing in commercial real estate next year. Forbes.com says the responses work for the residential market since the economy is usually followed by the single-family-home sector because when salaries increase and the job market improves, more people purchase homes. That leads to higher prices, the article said.
“The best cities in which to invest are those that are considered gateways to international investment, have vital downtowns where people can forgo cars, and don’t have a glut of condos or office space,” the article said.
Other cities on the best places for real estate investors list are San Francisco, Washington, D.C., New York and Los Angeles.
On the other end of the list, Detroit ranks as the worst place for real estate investors, according to the story. Other cities listed in the bottom five are New Orleans, Columbus, Ohio, Milwaukee, Wis., and Cleveland.
For the full story, click here.
Also, take a look at the list at Forbes.com of the country’s next foreclosure capitals, here.
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Magazine lists best cities for real estate investments
- The Urban Land Institute
The Urban Land Institute is a nonprofit education and research institute whose mission is to provide leadership in the responsible use of land and in sustaining and creating thriving communities worldwide.