Knoxville apparently is one of the few bright spots in the lagging U.S. real estate market.
According to a Wall Street Journal report which was also reported in the Greater Knoxville Business Journal. They say Knoxville has the fourth best market for real estate investing, trailing only Durham, N.C., Huntsville Ala., and Indianapolis.
Also in the Top10 real estate investing markets are Lexington, Ky., Little Rock Ark., Winston-Salem, N.C., Oklahoma City, Greenville, S.C., and Jackson, Miss.
Citing a study by Local Market Monitor Inc., which analyzes real estate trends, the Wall Street Journal report identified Reno, Sparks and Las Vegas in Nevada the Florida cities Orlando, Kissimmee, Deltona, Daytona Beach, Ormond Beach, Cape Coral, Fort Myers, Lakeland, Winter Haven, Naples, Marco Island, North Port, Bradenton and Sarasota; and the Arizona cities Prescott, Phoenix, Mesa and Scottsdale as the worst markets for investment properties.
According to the Wall Street journal and Local Market Monitor, regions that rank highly for investment suitability are those where there is a low probability that home prices will fall farther and where income is growing moderately and employment is stable among other factors
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