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5 Best Markets for Investing in Singlefamily Homes

first_img in Daily Dose, Data, Headlines, Market Studies, News Housing Markets Single-Family Ten-X 2016-04-07 Staff Writer Rising home prices, home appreciation, favorable affordability, and excellent economic and demographic conditions have set the stage for the top single-family housing markets in the U.S for investors.Using current and forecasted housing fundamentals, Ten-X (formerly reported in its Top Single-Family Housing Markets Report for Spring 2016 released on Thursday that among the 50 largest U.S. markets, the top five single-family housing markets in the country are Seattle, Portland, Nashville, Palm Beach County, and Fort Lauderdale.According to Ten-X, Seattle has been at the top of this list for three consecutive reports, while Portland once again claimed the second-place spot.  In Florida markets, Fort Lauderdale went from second to fifth on the list and Palm Beach County moved up to fourth place. Meanwhile, Nashville ranked third and marks its return to the top five for the first time in a year.“We’re continuing to see a return to fundamentals driving the housing market, as cities with above average population growth and job creation are recovering much more rapidly,” said Ten-X EVP Rick Sharga. “The solid tech sector has helped cities like Seattle and Portland maintain strong economic growth, which in turn has helped fuel the housing market, and the Florida housing market continues its post-recession recovery with South and Central Florida cities experiencing explosive growth.”Ten-X’s Top 5 Single-family Housing Markets  April 7, 2016 589 Views Seattle, Washington 12.1 Percent 6.8 Percent MarketHome Price Growth, Year-over-YearHome Sales Growth, Year-over-Year “Despite a few economic headwinds, the U.S. housing market remains on solid ground,” said Ten-X Chief Economist Peter Muoio. “There are still some causes for concern, such as affordability and limited inventory, plus mortgage availability is still tight. But overall home sales should continue to prosper on the strength of fundamentals. Wages have gone up, interest rates are still low, and the labor market is healthy.”To learn more about the single-family rental market, be sure to register for the the Five Star Institute’s second annual Single Family Rental Summit held November 1-3, 2016 at the Embassy Suites Hotel and Convention Center in Frisco, Texas.Editor’s note: The Five Star Institute is the parent company of MReport and Palm Beach County, Florida 14.1 Percent 2.0 Percent  5 Best Markets for Investing in Single-family Homes Nashville,  Tennessee 11.6 Percent6.1 Percent  Portland, Oregon 12.4 Percent 4.7 Percent  Fort Lauderdale, Florida 8.0 Percent1.7 Percent  Sharelast_img read more