Denver Top 10 for Investment Opportunity
October 23, 2008 by Bob Schenkenberger · 3 Comments
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The Denver Business Journal reported:
HomeVestors of America Inc. ranked Denver No. 6 on its list of top 10 markets for residential real estate investing in the third quarter…Based on HomeVestors data, the best U.S. markets for home sales, in order, are:(1.) Dallas
(2.) Houston, Texas
(3.) Fort Worth, Texas
(4.) Atlanta, Georgia
(5.) San Antonio, Texas
(6.) Denver, Colorado
(7.) St. Louis, Missouri
(8.) Philadelphia, Pennsylvania
(9.) Milwaukee, Wisconsin
(10.) Richmond, Va.
Based in Dallas, HomeVestors was started in 1996 and now has more than 230 franchisees in 35 states. The company’s slogan is “We Buy Ugly Houses.” Franchise Brands LLC of Connecticut became majority owner of HomeVestors in June 2008, acquiring 62 percent of it.
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Bob has been an active REALTOR for Over 20 years. During this time, he has closed over 500 transactions, and has been the broker of record for 1000's more. Bob can be reached via email (bob@gethomedenver.com) or phone (303.770.1180.)
Wow – I am surprised about Richmond showing up on the list. Friends living in Denver were worried about the markets there as early as the late 90′s. Hopefully we have hit the bottom and moving up from here.
Erics last blog post..How to Find Foreclosures
Eric, thanks for the comment. We started slowing down in 2001. I actually did a post with a timeline this week. You can read it here.
http://bloghomedenver.com/2008/10/22/d-day-for-denver-market/
Boo Hoo! Michigan didn’t make the list. With prices having fallen the way they have here in SE Michigan, I’m surprised. In any event, congratulations to the Denver area!
Vance Shutess last blog post..Applying for your Saline mortgage