According to a recent report by CNN Money these 8 housing markets hold great opportunities for real estate investing and are set to see the biggest rebounds between now and 2012.
1. Tacoma, Washington
With homes selling for about 50% of that in Seattle there are plenty or real estate short sales and opportunities for flipping real estate here for real estate investing companies as Tacoma catches up.
2. Palm Bay, Florida
With many homes here available for less than 50% of the replacement cost and a double digit rebound expected in the next 18 months real estate investing companies will find endless deals to profit from in Palm Bay.
3. Memphis, Tennessee
With unemployment and foreclosure rates failing dramatically Memphis is expected to attract a lot of attention in the next 6-12 months and see some of the best returns for those in the real estate investing game.
4. Rochester, NY
With a low median house price of $125,000 and an average household income of $64,000 flipping real estate here should be easy with plenty of buyers who can afford your homes.
5. Pittsburgh, PA
With one of the lowest unemployment rates in the country and a healthy average family income buying power is high here. While foreclosure rates have been low here compared to many other cities there are many neighborhoods ripe for the picking.
6. Seattle, Washington
Being an incredibly popular place to live, with many industry leading companies headquartered here and limited room to build Seattle is one for real estate investing companies to keep their eye on.
7. Tuscon, AZ
With less vacant homes than many of the worst hit areas and a middle of the road foreclosure rate inventory in Tuscan should quickly stabilize later this year meaning great returns for real estate investing businesses who snap up deals now.
8. Colorado Springs, CO
Colorado as a whole is set to top the upcoming rebound in the housing market. However the continued popularity of Colorado Springs in particular with a population growing at almost twice the national average means those in real estate investing should have no problem turning around properties rapidly.