The Wall Street Journal may be trying to scoop the rankings report produced by the Cary, North Carolina firm, Local Market Monitor. In any event, the new report of the top 10- best and worst "investor" residential real estate markets has some surprises with new entries. The report reflects data collected through September
30 against statistics for 315 US markets with a population base of 200,000 or more.
The investor base criteria are anticipated appreciation rather than rents. High ranking communities are those with at least a three year positive price forecast, stable employment and a small share of jobs in volatile industries. Poor markets are those where prices continue to fall and economic conditions do not suggest that price stabilization will occur anytime soon.
Speculative markets are those with high upper potential, but also a higher degree of risk.
Top 10 Conservative Metro Areas
•1. Tulsa, Okla. new
•2. Oklahoma City, Okla.
•3. San Diego-Carlsbad-San Marcos, Calif. new
•4. Albany-Schenectady-Troy, N.Y. new
•5. Indianapolis-Carmel, Ind.
•6. El Paso, Texas
•7. Winston-Salem, N.C.
•8. Cincinnati-Middletown, Ohio-Ky.-Ind. new
•9. Worcester, Mass. new
•10. Louisville-Jefferson County, Ky.-Ind. new
Top 10 Dangerous Metro Areas
•1. Ocala, Fla. new
•2. Lakeland-Winter Haven, Fla.
•3. Reno-Sparks, Nev.
•4. Orlando-Kissimmee, Fla.
•5. Deltona-Daytona Beach-Ormond Beach, Fla.
•6. Port St. Lucie, Fla. new
•7. Las Vegas-Paradise, Nev.
•8. Boise City-Nampa, Id. new
•9. Prescott, Ariz.
•10. Cape Coral-Fort Myers, Fla.
(list data extracted from WSJ.com/developments)
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