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MHI Markets Rank as Top Real Estate Investment Buys

MHI Markets Rank as Top Real Estate Investment Buys

Forbes recently named all markets of the McGuyer Homebuilders, Inc., (MHI) family of companies on its annual tally of “Best Buy Cities.”

Austin ranked No. 1 among the housing markets considered to be good real estate investments this year. The city boasts an average home price of $261,923, a 3.6 percent annual job growth rate and an 8.9 percent population growth from 2010 to 2013.

Ranking No. 3 on the list is Houston, with an average home price of $214,049 and an annual job growth of 4.1 percent. The area’s popular grew 6.2 percent from 2010 to 2013.

Dallas placed No. 5 on the Forbes’ list, reporting a 5.9 percent population growth rate from 2010 to 2013, an annual job growth rate of 3.8 percent and an average home price of $197,159.

Right behind Dallas was San Antonio, ranked No. 6 among the Best Buy Cities. San Antonio has an average home price of $189,080 and an annual job growth rate of 2.5 percent. The area’s population grew 5.8 percent from 2010 to 2013.

Fort Worth rounded out Texas’ representation on the Forbes list, coming in at No. 10. The city’s population grew 4.8 percent from 2010 to 2013 and the area sees a 2.6 percent increase in the number of jobs each year. The average home price is $180,312.

To compile the list, Local Market Monitor screened the nation’s 105 largest metropolitan statistical areas. Each with a population of at least 550,000, the Best Buy Cities all showed relatively low home prices and strong population and job growth.

Read more at http://www.forbes.com/sites/erincarlyle/2015/01/09/best-buy-cities-where-to-invest-in-housing-in-2015/.