Record-low mortgage interest rates led to unusually high demand and a red-hot market. These booming market conditions have carried into 2021 as well.
MyHouseDeals, an online community for residential real estate investors, released an in-depth analysis of the top markets in the country for real estate investing. To determine the hottest markets, the company studied categories such as wholesale real estate deals, foreclosures, motivates Multiple Listing Service (MLS) deals and motivated seller deals. Wholesale real estate deals made up the overwhelming majority (almost 77%) of the first quarter, with tens of thousands of MyHouseDeals members actively investing in such deals.
The results showed that Houston was among the top five markets for investment property deals in the nation. Dallas/Fort Worth, Atlanta, South Florida and Washington D.C. rounded out the top five.
Experts at MyHouseDeals anticipate that these markets will stay hot in the months to come and offer potential investors an opportunity to make deals with high-profit potential. Detailed analysis for the rest of the top 20 markets can be found here.