What do people think about realtor.com's recent top 10?
Hey all,
The news that St Louis, Missouri is the #2 hot market according to Realtor.com has been generating a lot of buzz - my investor clients and other people working in RE keep telling me they're seeing the news all over social media.
http://www.riverfronttimes.com/newsblog/2015/12/02...
I'd be curious to hear other investors' perspective on realtor.com's top 10
http://www.realtor.com/news/trends/top-10-real-est...
I've been watching the trends for things like Days on Market for a while now so this didn't exactly come as a surprise, and personally I don't see it changing my investment strategy as a buy-and-hold investor. As a real estate agent I try to discuss a lot of metrics (DOM, %list price, number of expired/withdrawns) at the regional as well as neighborhood or block level, so I hope my clients take this as another piece of information to consider when investing. But, I could also see this appealing to some investors, especially out of state investors trying to find a market. Alternatively, I could see people concerned about inflated prices backing off from these markets.
I've got some definite opinions (St Louis is very block by block and there are still a lot of opportunities out there) but I'd be interested in hearing other's thoughts.
Thanks in advance.
Maggie