Dayton, Ohio, was named the top market for residential real estate investment, according to a new report published by Realtor.com.
Dayton was cited for what Realtor.com dubbed “below-average home prices and robust demand, boasting a low 4.7% rental vacancy rate in early 2024.” Investor activity in the market increased over the past five years, with 13.7% of buyers in the first quarter identified as investors.
Rounding out the top five markets for investors were Rochester, New York; Cleveland; Pittsburgh; and Knoxville, Tennessee. Realtor.com determined these markets recorded nearly double the average page views per property compared to the national trends, with home prices an average of 21.7% lower than the national average.
Hannah Jones, Realtor.com senior economic research analyst, observed, “As the rental market eases in many areas, the Midwest and Northeast stand out for their combination of affordability and stability. These regions offer investors a prime chance to secure steady rental income and tap into growing demand, making them attractive for both seasoned and first-time investors alike.”
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Kamala has made housing completely unaffordable for the averge young person. She will continue to drive prices up even more if President with her $25K housing assistance. She is going to throw money at everything until it is worthless. Already our dollars have been devalued in a major way.
Where would the money come from? Our country is $35 trillion in debt. These professional politicians are going to sink this country!
LMAO! A VP does not have the ability to drive up housing costs! If you’re in RE then you know full well we began facing skyrocketing prices, multiple offer situations,… in 2018, under the trump/Pence Admin.
Actually, presidents (and by extension VP’s, especially when it is clear the president is not running things) get far too much credit for economic conditions, good or bad. However, it is much easier for government to cause things to get worse than it is for government to do something positive. 9 times out of 10 it is best for government to just get out of the way. And this is what Trump did by removing many regulations that impeaded the economy. Trump had the bad luck to be in office when COVID struck, doing massive amounts of damage to the economy. But then Biden was “elected” and he (his handlers) reversed most of those policies and spent mountains of money we don’t have, which is causing inflation, a major driver of housing costs going up. Now to be fair, although Democrats spend with abandon, Republicans seem to have given up any pretense of fiscal responsibility; and few are even talking about it. Our government is far too big and completely out of control regardless of who is in power, but at least Trump will put the brakes on. Again.