Â 2012 ends like it began, withÂ Las VegasÂ still holding the top spot in the quarterly rankings ofÂ 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. LikeÂ 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.
Â Â Â "When you're looking for investment opportunity, you're looking for problems that still look bad," saidÂ Ingo WinzerÂ , president and founder of Local Market Monitor. And that's whyÂ Las VegasÂ andÂ DetroitÂ stayed in the top 10.
Â Â Â Local Market Monitor and HomeVestors of America Inc., (known as the "We Buy Ugly HousesÂ®" company) compile the quarterly list which ranks markets based on the future relative returns on homes purchased as rental properties.