HomeVestors of America Inc., a company that trains local franchisees to buy homes and repair them, named Dallas the top real estate market for investing in the third quarter.
Dallas-based HomeVestors of America is known primarily by its marketing slogan, “We Buy Ugly Houses.”
In the company’s listing of top real estate investing markets, Dallas is followed by Houston and Fort Worth, which rank second and third, respectively.
HomeVestors purchased more than 36,000 homes in the U.S. last year. Data collected in their housing markets contributed to the report and determined the cities rankings.
HomeVestors says with tighter lending conditions and a shaky economy hurting homeowners, franchisees are seeing more homeowners who are determined to accept cash to off load their properties.
Other markets ranked in the top 10 locations for real estate investing include: Atlanta (No. 4); San Antonio (No. 5); Denver (No. 6); St. Louis (No. 7); Philadelphia (No. 8); Milwaukee (No. 9); and Richmond (No. 10).
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Posted by: Account Deleted | June 21, 2010 at 04:15 AM