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Well it has been another day of bad news is mumbling -- home -- -- fell twelve point 4% for the month of July but isn't all doom and gloom in the housing industry more.
There's still some money making opportunities to be had for you will Indo Windsor is president of local market monitor.
Joining us now with a look at the top real estate investment spots and this is a great segment -- it's great to have you on the show.
Talk to me about how what how did you grade the best cities and the country.
As far as -- to invest for property.
I felt thanks very the I think a year ago -- I would have been trying to do this.
Real estate market's been terrible shape.
And every session as we know is.
They're still going on or unleashed his recovery is not not doing very well.
But we figured that it's it's a good time to be looking at looking ahead because -- real estate investors don't think in terms of months they think in terms of years.
And after a general falling prices sent to good time to see -- some good investments my life.
We've taken a very common sense approach to this situation.
A lot of questions we looked at what's actually happened with home prices in different markets.
Okay subprime laden or one dollar a wanna get to the city is so let's kind of so -- saga won't look like the chase -- America for the taping -- there was -- and I -- -- That's right well there -- some cities that we think.
Are good for conservative investors because their.
Fundamental economic structure.
Is going to be producing jobs.
-- I'm fairly steady rate over the next notify users -- OK and his number one okay we're looking at we're showing our viewers the mapping and I don't think consulted a number one is done on him.
Number two was Huntsville Alabama it got Little Rock Oklahoma City Lexington and to these are all cities that you basically targeted because of the jobs because of the economy.
Because because they may -- not taken a hit a real estate that think Florida markets and.
-- these these days didn't this didn't have a boom and bust and and they're structured because they have lots of jobs in education.
In healthcare and government these -- be very very stable sectors.
Now you might say well you know state budgets under pressure etc.
Those are going to be short term problems in the long run.
Because investors big returns these are these are steady market -- in the -- -- right now investment you know I can lose any money.
-- returns going to be fairly fairly steady and you have to wait a few years but that's fine for -- -- investors.
-- any of Michael Casey here it would.
Thought perhaps that the yield -- rate yield but he'd -- get factored in would have by -- -- -- -- Christian whether -- would have by.
If he took -- little -- about that is that a factor in what places are indeed.
Appropriate investments of the stuff plus what will it.
Yeah I think so and I I think I think -- an important consideration and and that's -- -- Partly why the the markets that we've mentioned here the what would I would call good markets for conservative investors.
I have lots of jobs that are relatively lower paying a lot of people -- in health -- don't make a lot of money.
Lot of people and governments.
Don't make a lot of money at least that they -- at the working level.
And so these are either very often people who live in apartments so so rents are very important.
So -- -- say it's a good time food to invest in these markets are not talking single family homes but talking about apartment properties -- -- people are likely to see.
Higher occupancy rates and moderately higher -- -- as.
He has nobody goes Gregg Jarrett -- told us the good markets.
What are the bad ones that we should avoid.
You know there there there -- a whole bunch of markets that there's so the usual suspects you would you still want to stay out of southern Florida.
You want to stay out of Arizona.
You want to stay out of a lot of markets in California.
You don't be in Boise Idaho right now.
You don't be in Las Vegas these are markets where prices have gone down a lot.
Not the local economy is still in in very bad chip and we'll continue to be so so I expect prices to fall there.
-- him other market of course is.
Southern Michigan Detroit Brian.
And the other markets here where it.
Yeah -- -- just in terrible -- in southern Florida time in southern Florida this huge inventory here and that has forced the price is way way way down.
I mean isn't that really a buying opportunity.
Well all depends how -- -- it the the I happen to think that a lot of these markets president go down another.
1015 point 8%.
There's just they admit that -- the demand which was largely driven by investors buying second homes since it has just dried up and -- guys -- did not you wanna buy some property is now.
Watching go down 15% yeah they'll rebound.
It's a waiting years to edit the exit exit speculative situation I think I'd be a much better off waiting a couple years.
-- want and how strong your stomach -- And how much cash you got on hand I would think to make these types of investments until Linda thank you very much and thank you for thank you gonna shedding some light on the good and the bad and it's actually a segment coming up on the show after the --
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