Here is a pertinent follow-up to Mike’s Reno: Detroit of the West? post from yesterday.
Friday’s Wall Street Journal reported on new Investor Suitability report by Local Market Monitor (9/30/2010). The study analyzes trends for lenders, builders and investors across 315 U.S. metro markets. (populations greater than $200,000).
The WSJ article, 10 Best and Worst Markets for Real Estate Investors, reported the findings as two top-ten lists: Most Conservative for Investors and Most Dangerous for Investors. From the WSJ story: "High-ranking areas for investor suitability are places where there’s a positive three-year home price forecast, employment is stable and only a small share of jobs are in highly volatile industries such as construction and financial services…dangerous markets are those where it appears prices will fall further and probably won’t turn around soon because of poor local economies."
Did Reno-Sparks make a list? If so, which list?
|2||Oklahoma City, OK|
|3||San Diego-Carlsbad-San Marcos, CA|
|6||El Paso, TX|
|10||Louisville-Jefferson County, KY-IN|
|2||Lakeland-Winter Haven, FL|
|5||Deltona-Daytona Beach-Ormond Beach, FL|
|6||Port St. Lucie, FL|
|7||Las Vegas-Paradise, NV|
|8||Boise City-Nampa, IN|
|10||Cape Coral-Fort Myers, FL|