2012 ends like it began, with Las Vegas still holding the top spot in the quarterly rankings of the best real estate markets for rental investment. Sin City's stability is surprising at first glance, given that eight of the markets that started 2012 in the "Top 10" are not on the list at the end of the year.
But a closer look at economic indicators explains why. Like Detroit--the only other market that placed consistently in the top 10 every quarter this year--unemployment has remained stubbornly high, currently at 11 percent for both markets.
"When you're looking for investment opportunity, you're looking for problems that still look bad," said Ingo Winzer , president and founder of Local Market Monitor. And that's why Las Vegas and Detroit stayed in the top 10.
Local Market Monitor and HomeVestors of America Inc., (known as the "We Buy Ugly Houses®" company) compile the quarterly list which ranks markets based on the future relative returns on homes purchased as rental properties.
David Cooper http://www.lasvegaswinner.org