I don’t know about you, but for me it has been quite pleasant to hear mostly positive news about the wonderful world of US Real Estate lately. After about 5 years of gloom, this is a refreshing change and the shift has been happening for quite some time. I do embrace investing during the gloom also because the opportunities to buy low while the masses are running away are plentiful. Now most markets are predicted to appreciate, I will tackle this topic in post soon. Rates are still low as are prices in most markets. More people are renting now and vacancy in most cities is low. All in all, a great time to purchase buy and hold real estate.
Below is a list of the Top 20 Rental Markets from Realty Trac. I am not surprised at all to see Memphis, Atlanta, Kansas City, Detroit and Ohio up there. I expected Cleveland, Columbus or Cincinnati to join them and Indianapolis as well. MidWest and the South had very strong showings in the list. CA being absent is not a surprise for top rental markets, Phoenix and Las Vegas I did not expect in the top 20.