MyHouseDeals (www.myhousedeals.com), a leading digital platform for real estate investors, recently released a comprehensive analysis of the top markets in the country for real estate investing.
“Our quarterly and yearly market reports have always been a big hit with our members. The key insights provided in each one provide invaluable advice on how to pivot and grow our businesses as real estate investors,” said Alex Soares, President of the platform. The detailed reports are an important way for investors to discover new opportunities and make strategic decisions regarding the year ahead.
2020 was a historic year as the US navigated the coronavirus pandemic. The residential real estate industry thrived as historically low mortgage interest rates led to unprecedented demand. Strong market conditions have extended into 2021. While mortgage rates have crept up a bit, the market is still red-hot and pricing wars are commonplace. During the first quarter of the year, MyHouseDeals added thousands of deals in the following categories: wholesale real estate deals (76.9%), foreclosures (18.1%), motivated MLS deals (4.4%), and motivated seller deals (0.5%). Wholesale real estate deals dominated the first quarter as the most popular investing strategy for the tens of thousands of active investors who are members of MyHouseDeals.
After some number-crunching, the results show that the top five markets for investment property deals in the country are South Florida, Dallas/Fort Worth, Washington D.C., Atlanta, and Houston. These markets, along with others at the top, will likely remain attractive in the months to come and offer an opportunity for investors to make deals with high profit potential.
Founded in 2005, MyHouseDeals is the premier online community for residential real estate investors, providing networking tools, on-demand training, and property lead generation, including access to wholesale real estate deals, motivated seller leads, and investor-ready foreclosures nationwide.
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