ReCasa Financial Blog
To be a successful rehab investor , it is important to know which markets are flourishing in order to help sell the property quickly. Realtor.com recently released a real estate report ranking the top 10 locations this year for first-time homebuyers . Realtor.com pulled data from their February 2014 figures and from the Bureau of Labor Statistics. The company studied location, price, inventory, and employment rates across 146 locations. This data was then evaluated against the needs and desires of the typical first-time homebuyer.
Amongst these top markets were some of the locations in which ReCasa Financial Group lends. These areas include:
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Pittsburgh, PA
Median List Price: $135,000
Total Listings: 11,026
Median Inventory Age: 128 days - New Jersey suburbs of Philadelphia
Median List Price: $174,900
Total Listings: 10,656
Median Inventory Age: 141 days - Pennsylvania suburbs of Philadelphia
Median List Price: $219,000
Total Listings: 21,909
Median Inventory Age: 121 days - Raleigh-Durham-Chapel Hill, N.C.
Median List Price: $227,500
Total Listings: 9,435
Median Inventory Age: 98 Days
Read the full report, Top 10 Markets for First-Time Home Buyers in 2014.
The post Top Markets for Rehab Investors first appeared on ReCasa Financial Group.
