Top Ten Cities to invest in real estate based on Risk Index
HI everyone, one of the things one of my enlightened wealth institute instructors taught me is to check out the PMI Index to give me an idea of the cities in the U.S. to invest in real estate. The PMI Group just released recently its summer2008 U.S. Market Risk Index. What is this index? As taken right from their website, PMI Group.com:
“Summer 2008 U.S. Market Risk Index(SM), which ranks the nation’s 50 largest metropolitan statistical areas (MSAs) according to the likelihood that home prices will be lower in two years. The U.S. Market Risk Index shows risk further diverged along two distinctly different paths during the first quarter of 2008, continuing a trend that began in the fourth quarter of 2007. In general, risk continued to intensify in many of the MSAs where home price growth had significantly exceeded historical norms during the housing boom, but continued to decline in many other areas across the country.”
Click more to find out the Top Ten:
- Fort Worth - Arlington
- Dallas - Plano -Irving
- Pittsburg
- Houston - Sugarland -
- San Antonio
- Indianapolis-Carmel
- Cincinnati - Middletown
- Columbus, Ohio
- Kansas City
- Charlotte - Gastonia - Concord
- Denver-Aurora
- Austin -Roundrock
Ok so I listed 12 from the PMI Group index, if you want to see the whole list - please go to their website located here.
Tags: Enlightened Wealth Institute, marketing, top ten cities to invest in
July 28th, 2008 at 7:16 pm
In theory the prices you’d actually pay in those markets should already contain any discounting, and any future likelihood of prices falling would just be speculation. You might consider investing in REITs in addition to finding individual properties. I typically recommend that clients allocate about 10% of their equity portfolio in REITs, including both domestic and international.