Where should I buy my first rental
Boston Area, MA · Member since 2017 · 34 posts · 30 votes
Hi guys! I’d love your help!
I’ve lived in the USA for 5.5 years in San Francisco (4yrs) and I’m currently living in the Boston area (1.5yrs). As you know these are expensive areas to invest, so I’m looking to invest out of state.
I’ve been researching lots of states (Texas, Nevada, Mass, Connecticut) and cities (Phoenix, Atlanta, Salt Lake City) but I feel so overwhelmed with the choices! I have $45k to use as a down payment and closing costs. Ideally I’d like a four plex.
I have been looking at cities with a growing population, multiple industries and low unemployment.
I would appreciate any guidance you may have to help me narrow down my state and city search. Please share your insights and any articles you may suggest I read.
I am ready to invest and would love to buy my first rental property within the next 1-3 months!
Thanks in advance for your feedback.
@Rachel Steenland, I don't run into excessive maintenance because of age. Realistically you need to look at the mechanicals to have an idea of what your big ticket items will be.
I usually plan on reinvesting my first two years of profit back into the house though. I like to make my properties nicer and haveless maintenance in the long run.
Hi Rachel,
New haven is good market. High rentals and low property values relative to lower Fairfield. I owned 4 owned 4 multi families that were built in 1900. I would factor 20 percent for capex
@David Weintraub Thanks for your reply! I have been looking at cities/towns with 2 hours drive from my house (Worcester, Hartford, Providence etc, like you suggested). There are definitely some options in these areas but what concerns me is the age of these properties. Most of them were built between 1890 and 1920 and I imagine will have significant ongoing maintenance. I would prefer properties that aren’t more than 50 years old. What are you thoughts on this?
Are you investing in the Philly area?
I live in Philly but am focused on flips in both Philly and New Jersey. Your concern about the age is a legitimate concern, and one I hadn't thought too deeply on. Thanks for the tip.
Hi guys! I’d love your help!
I’ve lived in the USA for 5.5 years in San Francisco (4yrs) and I’m currently living in the Boston area (1.5yrs). As you know these are expensive areas to invest, so I’m looking to invest out of state.
I’ve been researching lots of states (Texas, Nevada, Mass, Connecticut) and cities (Phoenix, Atlanta, Salt Lake City) but I feel so overwhelmed with the choices! I have $45k to use as a down payment and closing costs. Ideally I’d like a four plex.
I have been looking at cities with a growing population, multiple industries and low unemployment.
I would appreciate any guidance you may have to help me narrow down my state and city search. Please share your insights and any articles you may suggest I read.
I am ready to invest and would love to buy my first rental property within the next 1-3 months!
Thanks in advance for your feedback.
Hi Rachel,
It looks like you have garnered attention from all corners of the country in one post, I'm impressed! Hopefully I can still add some value here.
I operate a property management company here in Connecticut that works primarily with out of state investors such as yourself. We essentially cover from Bristol to Vernon up to Springfield. I typically represent the buyer through the acquisition process as their agent and then manage the asset for the investor post closing. Being that I am own a few rentals myself, I feel that I can see things from a few different angles at any given time.
@Alex Dem was correct in saying that our taxes are a bit high(er) than other markets, but it's also important to realize that so are our rents. While a 2 bed 1 bath might rent for a 6-800 in the south, it could very well rent for 9-1100 here in New England (and even more in certain areas of Massachusetts). When you take the numbers and look at them on a year by year basis, it might not be as bad as we initially forecast it.
I can tell you right off the bat that 4 Plexes are hard to find, especially "true" 4 plexes, not the ones that are hacked and "mickey moused" together. I got one for 200K last year in East Hartford, but have struggled to find anything similar that I would be willing to throw my money at.
I read your concerns regarding the older properties. For better or for worse, this is something that comes with this market. I personally don't buy anything older than 1900 or so and use that as a rule of thumb while working with investors. I manage a few properties in the 1900-1920 range and have not watched cashflow going out the door after repairs and maintenance items. A good agent should be able to identify key elements of a property during a walkthrough that will help you get an idea as to whether or not the property was well maintained / updated.
I'll keep an eye on this thread, but if you have any questions about north/central CT, feel free to reach out!
-Filipe
@Rachel Steenland I live and invest in Salt Lake City. The unemployment rate here is very very low. Rents are very strong. Prices are also very high to buy rentals so it can be tough to find a great cap rate. They are out there. If you get interested in the Salt Lake market let me know and I can help you out.
Here is my insight
@Rachel Steenland yes I own multiple units in the Bridgeport area.
My recommendation is within 1-2 hours of a drive from where you currently live.
Hello Rachel,
Of course, Congratulations on getting started in planning your first investment...it takes courage and a big dream. I started in RE about 4 years ago, I still prefer not to have to travel to airports to get to a property as it is not time efficient and at first glance may seem financial clever, but requires solid relationships and experience investing locally or regionally before going nationally. As an novice investor I would suggest investing only in an area of driving distance (NY, NJ, CT.) From personal experience and after speaking to seasoned investors (7+ yrs), I started in upstate NY and NJ, because investing in a city I was unable to often visit is a risk and requires a trusted partner to overlook and manage the business even with a property manager in place. I am assuming at this point you are still working a job or a business aside from real estate, manage the risk and time aspect by finding a market that YOU can personally get a pulse on and I can suggest to not invest all 45k in one deal. It may sound like a small sum but 45k can grant you leverage and if you use hard or private money and then refinance to pay it back it will leave you with a great return your personal money for more deals. Lastly, before investing in any designated area, drive around for several days or weekends and speak to the locals, visit the local gas stations and see the demographics as well as traffic flow. University and college housing is a good investment to start with, verify that the students pass background checks and have a guarantor for each one, some institutions also require first-year attendees to dorm at the university (Harvard, MIT, etc.) A great broker will help with that aspect. Happy Investing! @Rachel Steenland
Hi @Rachel Steenland ,
I live in Minneapolis but invest in Omaha. Omaha is a growing market and is a great city. I have connections there also which makes it really easy because I got back often.
Minneapolis is great too but rather expensive and there is lots of competition. Let me know if you want to talk about either market or need any boots on the ground.
Good luck !!!!!!!!!!!!!!!
@Eric Delcol Would you mind sharing that information with me as well?
Sure thing Jason. Send me a PM and we can talk in more detail.
Indianapolis is a great rental market. You might want to look into it.
@Liz C., the Orlando Metro Area is one of the fastest growing in the entire U.S. The metro has added over 400,000 new residents in the last five years alone. The metro has seen 9% appreciation in the last twelve months alone. I have analyzed every zip code in the entire Orlando Metro Area and many are already sitting at 0.60%-1.1% average rent-to-purchase price ratios without even adding distress. Rentals that are in desirable areas (areas I have identified quantitatively as those that command rent premiums against the metro average) usually don't sit more than a week or two on the market. While the actual city of Orlando is very small at about 270,000 residents, the Orlando Metro Area is a staggering 2.4 million. You can't confine your Central Florida rental search to just the small borders of Orlando city proper. You need to look beyond at Winter Park, Altamonte Springs, Apopka, Lake Mary, Winter Garden, Ocoee, Clermont, Minneola, Davenport, Kissimmee, Windermere, and more. The City if Orlando is actively revitalizing and redeveloping its downtown area area as well. Historically low vacancy rates around 3%.
Here's link to Realtor.com 2018 Forecast of Top 100 Cities for growth and appreciation. Long article with list at bottom.
Terry
https://research.realtor.com/2018-national-housing...
Top 100 Cities list below.
Top 100 Largest U.S. Metros Ranked by Forecasted 2018 Sales and Price Growth
| Rank | Metro | 2018 Sales Growth | 2018 Price Growth |
| 1 | Las Vegas-Henderson-Paradise, Nev. | 4.90 | 6.90 |
| 2 | Dallas-Fort Worth-Arlington, Texas | 6.02 | 5.57 |
| 3 | Deltona-Daytona Beach-Ormond Beach, Fla. | 5.47 | 6.00 |
| 4 | Stockton-Lodi, Calif. | 4.55 | 6.43 |
| 5 | Lakeland-Winter Haven, Fla. | 3.00 | 7.00 |
| 6 | Salt Lake City, Utah | 4.62 | 4.50 |
| 7 | Charlotte-Concord-Gastonia, N.C.-S.C. | 5.98 | 3.02 |
| 8 | Colorado Springs, Colo | 3.12 | 5.65 |
| 9 | Nashville-Davidson–Murfreesboro–Franklin, Tenn. | 1.00 | 7.67 |
| 10 | Tulsa, Okla. | 7.54 | 1.02 |
| 11 | Seattle-Tacoma-Bellevue, Wash. | 2.34 | 6.21 |
| 12 | Spokane-Spokane Valley, Wash. | 3.50 | 4.97 |
| 13 | Austin-Round Rock, Texas | 4.04 | 4.42 |
| 14 | Miami-Fort Lauderdale-West Palm Beach, Fla. | 3.10 | 5.28 |
| 15 | Little Rock-North Little Rock-Conway, Ark. | 7.00 | 1.37 |
| 16 | Denver-Aurora-Lakewood, Colo. | 1.75 | 6.54 |
| 17 | Orlando-Kissimmee-Sanford, Fla. | 1.24 | 6.88 |
| 18 | Toledo, Ohio | 5.16 | 2.95 |
| 19 | Columbia, S.C. | 5.07 | 3.00 |
| 20 | Palm Bay-Melbourne-Titusville, Fla. | 1.00 | 7.00 |
| 21 | Jacksonville, Fla. | 4.73 | 3.20 |
| 22 | Durham-Chapel Hill, N.C. | 5.18 | 2.62 |
| 23 | Providence-Warwick, R.I.-Mass. | 3.72 | 3.97 |
| 24 | Akron, Ohio | 5.89 | 1.70 |
| 25 | North Port-Sarasota-Bradenton, Fla. | 3.00 | 4.50 |
| 26 | Chattanooga, Tenn.-Ga. | 3.50 | 4.00 |
| 27 | Worcester, Mass.-Conn. | 3.77 | 3.68 |
| 28 | Raleigh, N.C. | 1.63 | 5.77 |
| 29 | Tampa-St. Petersburg-Clearwater, Fla. | 1.38 | 6.00 |
| 30 | Grand Rapids-Wyoming, Mich. | 2.96 | 4.25 |
| 31 | Boise City, Idaho | 2.00 | 5.00 |
| 32 | San Jose-Sunnyvale-Santa Clara, Calif. | 2.50 | 4.37 |
| 33 | Greenville-Anderson-Mauldin, S.C. | 2.80 | 4.00 |
| 34 | Madison, Wis. | 1.72 | 5.05 |
| 35 | Albuquerque, N.M. | 2.92 | 3.71 |
| 36 | Houston-The Woodlands-Sugar Land, Texas | 2.24 | 4.19 |
| 37 | Winston-Salem, N.C. | 3.00 | 3.21 |
| 38 | Riverside-San Bernardino-Ontario, Calif. | 0.52 | 5.66 |
| 39 | Buffalo-Cheektowaga-Niagara Falls, N.Y. | 1.27 | 4.89 |
| 40 | Fresno, Calif. | 1.29 | 4.81 |
| 41 | San Francisco-Oakland-Hayward, Calif. | 0.94 | 5.14 |
| 42 | Detroit-Warren-Dearborn, Mich. | 1.17 | 4.77 |
| 43 | Phoenix-Mesa-Scottsdale, Ariz. | 3.66 | 2.26 |
| 44 | Oxnard-Thousand Oaks-Ventura, Calif. | 2.29 | 3.62 |
| 45 | Augusta-Richmond County, Ga.-S.C. | 2.50 | 3.34 |
| 46 | Tucson, Ariz. | 3.00 | 2.71 |
| 47 | San Diego-Carlsbad, Calif. | 2.51 | 3.19 |
| 48 | Youngstown-Warren-Boardman, Ohio-Pa. | 3.01 | 2.50 |
| 49 | Harrisburg-Carlisle, Pa. | 2.50 | 3.00 |
| 50 | Cleveland-Elyria, Ohio | 3.00 | 2.48 |
| 51 | Birmingham-Hoover, Ala. | 3.00 | 2.42 |
| 52 | McAllen-Edinburg-Mission, Texas | 2.38 | 3.00 |
| 53 | Charleston-North Charleston, S.C. | 3.64 | 1.69 |
| 54 | New York-Newark-Jersey City, N.Y.-N.J.-Pa. | 1.16 | 4.15 |
| 55 | Jackson, Miss. | 0.00 | 5.30 |
| 56 | Virginia Beach-Norfolk-Newport News, Va.-N.C. | 1.40 | 3.82 |
| 57 | Boston-Cambridge-Newton, Mass.-N.H. | 2.55 | 2.64 |
| 58 | Pittsburgh, Pa. | 3.53 | 1.62 |
| 59 | Oklahoma City, Okla. | 1.49 | 3.51 |
| 60 | Portland-South Portland, Maine | 5.00 | 0.00 |
| 61 | Cape Coral-Fort Myers, Fla | 1.00 | 3.99 |
| 62 | El Paso, Texas | 2.69 | 2.24 |
| 63 | Minneapolis-St. Paul-Bloomington, Minn.-Wis. | 0.00 | 4.93 |
| 64 | Knoxville, Tenn. | 2.00 | 2.92 |
| 65 | Allentown-Bethlehem-Easton, Pa.-N.J. | 4.12 | 0.57 |
| 66 | Bakersfield, Calif. | 1.00 | 3.61 |
| 67 | Urban Honolulu, Hawaii | 1.43 | 3.11 |
| 68 | Des Moines-West Des Moines, Iowa | 3.20 | 1.19 |
| 69 | Greensboro-High Point, N.C. | 1.34 | 2.97 |
| 70 | Springfield, Mass. | 1.24 | 3.00 |
| 71 | New Orleans-Metairie, La. | 2.00 | 2.24 |
| 72 | Cincinnati, Ohio-Ky.-Ind. | 1.47 | 2.32 |
| 73 | Wichita, Ks. | 2.23 | 1.49 |
| 74 | Richmond, Va. | 2.68 | 1.02 |
| 75 | Columbus, Ohio | 0.05 | 3.58 |
| 76 | Sacramento–Roseville–Arden-Arcade, Calif. | 1.00 | 2.61 |
| 77 | Rochester, N.Y. | 1.56 | 2.02 |
| 78 | Hartford-West Hartford-East Hartford, Conn. | 4.46 | -1.05 |
| 79 | Albany-Schenectady-Troy, N.Y. | 0.75 | 2.55 |
| 80 | Dayton, Ohio | 3.01 | 0.19 |
| 81 | Memphis, Tenn.-Miss.-Ark. | 1.37 | 1.82 |
| 82 | Scranton–Wilkes-Barre–Hazleton, Pa. | 1.18 | 1.81 |
| 83 | Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. | 3.78 | -1.04 |
| 84 | Chicago-Naperville-Elgin, Ill.-Ind.-Wis. | 0.00 | 2.57 |
| 85 | Syracuse, N.Y. | 0.00 | 2.57 |
| 86 | Milwaukee-Waukesha-West Allis, Wis. | 0.00 | 2.48 |
| 87 | Baltimore-Columbia-Towson, Md. | 0.48 | 1.82 |
| 88 | New Haven-Milford, Conn. | 2.96 | -0.67 |
| 89 | Washington-Arlington-Alexandria, D.C.-Va.-Md-W.V. | 0.00 | 2.25 |
| 90 | Omaha-Council Bluffs, Neb.-Iowa | 0.00 | 2.18 |
| 91 | Louisville/Jefferson County, Ky.-Ind. | -2.74 | 4.92 |
| 92 | San Antonio-New Braunfels, Texas | 0.37 | 1.52 |
| 93 | Portland-Vancouver-Hillsboro, Ore.-Wash. | -3.48 | 4.98 |
| 94 | Baton Rouge, La. | 0.00 | 1.50 |
| 95 | Atlanta-Sandy Springs-Roswell, Ga. | -1.88 | 2.99 |
| 96 | Los Angeles-Long Beach-Anaheim, Calif. | -2.10 | 3.09 |
| 97 | Indianapolis-Carmel-Anderson, Ind. | 3.49 | -2.53 |
| 98 | Kansas City, Mo-Kan. | 0.00 | -0.12 |
| 99 | St. Louis, Mo.-Ill. | 0.00 | -2.83 |
| 100 | Bridgeport-Stamford-Norwalk, Conn. | -0.35 | -2.87 |
Realtor.com’s model-based forecast uses data on the housing market and overall economy to estimate values for these variables for the year ahead. The forecast result is a projection for annual total sales increase (total 2018 existing-home sales vs. 2017) and annual median price increase (2018 median existing-home sales price vs. 2017).
I am very familiar with the Little Rock, AR. area and it is a great place to obtain rental property. I have property that I am getting ready to possibly refinance and rent out there. It is listed for sale at the moment.
I would love to help if you ever are interested in jumping into central or NW AR!
Rachel,
It really comes down to the fact of whether or not you want to be able to drive to view your property. As a person who invests and lives in Connecticut there is still the opportunity to invest in this state and make a reasonable return. Even though, as everyone has pointed out, some of the economic factors aren't as growth indicated as some other markets growth. I do and will continue to invest in Connecticut as I like to do the BRRRR strategy and the projects that are in Connecticut I have several crews already set up to help me turn those type of properties. The questions that I would ask myself are three:
1. Do I need to be able to drive to my investment?
2. Is there some type of synergy with a different business or family need wear a different market such as a North Carolina or a Florida which aligns with your greater goals. Or even a house in the Cape, which you could short term rent, and get 2 weeks vacation time out of. You do not want to be there absentee landlord whose property gets neglected.
3) What is your investing investing to buy and hold or are you trying to go for a quick appreciation play?
Here's link to Realtor.com 2018 Forecast of Top 100 Cities for growth and appreciation. Long article with list at bottom.
Terry
https://research.realtor.com/2018-national-housing...
Top 100 Cities list below.
Top 100 Largest U.S. Metros Ranked by Forecasted 2018 Sales and Price Growth
| Rank | Metro | 2018 Sales Growth | 2018 Price Growth |
| 1 | Las Vegas-Henderson-Paradise, Nev. | 4.90 | 6.90 |
| 2 | Dallas-Fort Worth-Arlington, Texas | 6.02 | 5.57 |
| 3 | Deltona-Daytona Beach-Ormond Beach, Fla. | 5.47 | 6.00 |
| 4 | Stockton-Lodi, Calif. | 4.55 | 6.43 |
| 5 | Lakeland-Winter Haven, Fla. | 3.00 | 7.00 |
| 6 | Salt Lake City, Utah | 4.62 | 4.50 |
| 7 | Charlotte-Concord-Gastonia, N.C.-S.C. | 5.98 | 3.02 |
| 8 | Colorado Springs, Colo | 3.12 | 5.65 |
| 9 | Nashville-Davidson–Murfreesboro–Franklin, Tenn. | 1.00 | 7.67 |
| 10 | Tulsa, Okla. | 7.54 | 1.02 |
| 11 | Seattle-Tacoma-Bellevue, Wash. | 2.34 | 6.21 |
| 12 | Spokane-Spokane Valley, Wash. | 3.50 | 4.97 |
| 13 | Austin-Round Rock, Texas | 4.04 | 4.42 |
| 14 | Miami-Fort Lauderdale-West Palm Beach, Fla. | 3.10 | 5.28 |
| 15 | Little Rock-North Little Rock-Conway, Ark. | 7.00 | 1.37 |
| 16 | Denver-Aurora-Lakewood, Colo. | 1.75 | 6.54 |
| 17 | Orlando-Kissimmee-Sanford, Fla. | 1.24 | 6.88 |
| 18 | Toledo, Ohio | 5.16 | 2.95 |
| 19 | Columbia, S.C. | 5.07 | 3.00 |
| 20 | Palm Bay-Melbourne-Titusville, Fla. | 1.00 | 7.00 |
| 21 | Jacksonville, Fla. | 4.73 | 3.20 |
| 22 | Durham-Chapel Hill, N.C. | 5.18 | 2.62 |
| 23 | Providence-Warwick, R.I.-Mass. | 3.72 | 3.97 |
| 24 | Akron, Ohio | 5.89 | 1.70 |
| 25 | North Port-Sarasota-Bradenton, Fla. | 3.00 | 4.50 |
| 26 | Chattanooga, Tenn.-Ga. | 3.50 | 4.00 |
| 27 | Worcester, Mass.-Conn. | 3.77 | 3.68 |
| 28 | Raleigh, N.C. | 1.63 | 5.77 |
| 29 | Tampa-St. Petersburg-Clearwater, Fla. | 1.38 | 6.00 |
| 30 | Grand Rapids-Wyoming, Mich. | 2.96 | 4.25 |
| 31 | Boise City, Idaho | 2.00 | 5.00 |
| 32 | San Jose-Sunnyvale-Santa Clara, Calif. | 2.50 | 4.37 |
| 33 | Greenville-Anderson-Mauldin, S.C. | 2.80 | 4.00 |
| 34 | Madison, Wis. | 1.72 | 5.05 |
| 35 | Albuquerque, N.M. | 2.92 | 3.71 |
| 36 | Houston-The Woodlands-Sugar Land, Texas | 2.24 | 4.19 |
| 37 | Winston-Salem, N.C. | 3.00 | 3.21 |
| 38 | Riverside-San Bernardino-Ontario, Calif. | 0.52 | 5.66 |
| 39 | Buffalo-Cheektowaga-Niagara Falls, N.Y. | 1.27 | 4.89 |
| 40 | Fresno, Calif. | 1.29 | 4.81 |
| 41 | San Francisco-Oakland-Hayward, Calif. | 0.94 | 5.14 |
| 42 | Detroit-Warren-Dearborn, Mich. | 1.17 | 4.77 |
| 43 | Phoenix-Mesa-Scottsdale, Ariz. | 3.66 | 2.26 |
| 44 | Oxnard-Thousand Oaks-Ventura, Calif. | 2.29 | 3.62 |
| 45 | Augusta-Richmond County, Ga.-S.C. | 2.50 | 3.34 |
| 46 | Tucson, Ariz. | 3.00 | 2.71 |
| 47 | San Diego-Carlsbad, Calif. | 2.51 | 3.19 |
| 48 | Youngstown-Warren-Boardman, Ohio-Pa. | 3.01 | 2.50 |
| 49 | Harrisburg-Carlisle, Pa. | 2.50 | 3.00 |
| 50 | Cleveland-Elyria, Ohio | 3.00 | 2.48 |
| 51 | Birmingham-Hoover, Ala. | 3.00 | 2.42 |
| 52 | McAllen-Edinburg-Mission, Texas | 2.38 | 3.00 |
| 53 | Charleston-North Charleston, S.C. | 3.64 | 1.69 |
| 54 | New York-Newark-Jersey City, N.Y.-N.J.-Pa. | 1.16 | 4.15 |
| 55 | Jackson, Miss. | 0.00 | 5.30 |
| 56 | Virginia Beach-Norfolk-Newport News, Va.-N.C. | 1.40 | 3.82 |
| 57 | Boston-Cambridge-Newton, Mass.-N.H. | 2.55 | 2.64 |
| 58 | Pittsburgh, Pa. | 3.53 | 1.62 |
| 59 | Oklahoma City, Okla. | 1.49 | 3.51 |
| 60 | Portland-South Portland, Maine | 5.00 | 0.00 |
| 61 | Cape Coral-Fort Myers, Fla | 1.00 | 3.99 |
| 62 | El Paso, Texas | 2.69 | 2.24 |
| 63 | Minneapolis-St. Paul-Bloomington, Minn.-Wis. | 0.00 | 4.93 |
| 64 | Knoxville, Tenn. | 2.00 | 2.92 |
| 65 | Allentown-Bethlehem-Easton, Pa.-N.J. | 4.12 | 0.57 |
| 66 | Bakersfield, Calif. | 1.00 | 3.61 |
| 67 | Urban Honolulu, Hawaii | 1.43 | 3.11 |
| 68 | Des Moines-West Des Moines, Iowa | 3.20 | 1.19 |
| 69 | Greensboro-High Point, N.C. | 1.34 | 2.97 |
| 70 | Springfield, Mass. | 1.24 | 3.00 |
| 71 | New Orleans-Metairie, La. | 2.00 | 2.24 |
| 72 | Cincinnati, Ohio-Ky.-Ind. | 1.47 | 2.32 |
| 73 | Wichita, Ks. | 2.23 | 1.49 |
| 74 | Richmond, Va. | 2.68 | 1.02 |
| 75 | Columbus, Ohio | 0.05 | 3.58 |
| 76 | Sacramento–Roseville–Arden-Arcade, Calif. | 1.00 | 2.61 |
| 77 | Rochester, N.Y. | 1.56 | 2.02 |
| 78 | Hartford-West Hartford-East Hartford, Conn. | 4.46 | -1.05 |
| 79 | Albany-Schenectady-Troy, N.Y. | 0.75 | 2.55 |
| 80 | Dayton, Ohio | 3.01 | 0.19 |
| 81 | Memphis, Tenn.-Miss.-Ark. | 1.37 | 1.82 |
| 82 | Scranton–Wilkes-Barre–Hazleton, Pa. | 1.18 | 1.81 |
| 83 | Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. | 3.78 | -1.04 |
| 84 | Chicago-Naperville-Elgin, Ill.-Ind.-Wis. | 0.00 | 2.57 |
| 85 | Syracuse, N.Y. | 0.00 | 2.57 |
| 86 | Milwaukee-Waukesha-West Allis, Wis. | 0.00 | 2.48 |
| 87 | Baltimore-Columbia-Towson, Md. | 0.48 | 1.82 |
| 88 | New Haven-Milford, Conn. | 2.96 | -0.67 |
| 89 | Washington-Arlington-Alexandria, D.C.-Va.-Md-W.V. | 0.00 | 2.25 |
| 90 | Omaha-Council Bluffs, Neb.-Iowa | 0.00 | 2.18 |
| 91 | Louisville/Jefferson County, Ky.-Ind. | -2.74 | 4.92 |
| 92 | San Antonio-New Braunfels, Texas | 0.37 | 1.52 |
| 93 | Portland-Vancouver-Hillsboro, Ore.-Wash. | -3.48 | 4.98 |
| 94 | Baton Rouge, La. | 0.00 | 1.50 |
| 95 | Atlanta-Sandy Springs-Roswell, Ga. | -1.88 | 2.99 |
| 96 | Los Angeles-Long Beach-Anaheim, Calif. | -2.10 | 3.09 |
| 97 | Indianapolis-Carmel-Anderson, Ind. | 3.49 | -2.53 |
| 98 | Kansas City, Mo-Kan. | 0.00 | -0.12 |
| 99 | St. Louis, Mo.-Ill. | 0.00 | -2.83 |
| 100 | Bridgeport-Stamford-Norwalk, Conn. | -0.35 | -2.87 |
Realtor.com’s model-based forecast uses data on the housing market and overall economy to estimate values for these variables for the year ahead. The forecast result is a projection for annual total sales increase (total 2018 existing-home sales vs. 2017) and annual median price increase (2018 median existing-home sales price vs. 2017).
Good old Kansas City, coming in at 98! Hey, at least we made the list even if the expected growth is negative.
@John Barr thanks for recommending the book Upside, I ordered it today from Amazon.
You're welcome it's in my top ten books for any person that does any kind of investing. Hope you enjoy it!
My advice is a little different than everyone elses. Buy something very modest with cash that you can rent out for a year or two and flip. Leverage is risky, cash is king.