DALLAS – The nation’s best markets for single-family investment are Texas cities: Houston (1), Austin (2) and Dallas (3), with Denver (4) and Orlando (5) rounding out the top 5, all which have seen substantial job and population growth.
That’s according to the latest data from Dallas-based HomeVestors (operator of the “We Buy Ugly Houses” organization) and Local Market Monitor, the national real estate forecaster.
“Texas continues to be a sure bet when it comes to real estate investing. Lower oil prices may slow some areas, but the diversified economy and pent up demand for real estate will help to mitigate the impact on rental markets,” noted David Hicks, HomeVestors co-president. “Places like Austin and Dallas have rapidly growing technology and financial sectors that make the oil slump less significant.”
The Houston metro area led the nation in population growth, gaining 156,371 new residents in the 12-month period ending July 1, 2014, according to new figures from the U.S. Census Bureau. Dallas was No. 2 with 131,217 new residents over the period and the New York City area was third with 90,797.