According to Rand, Real Estate in Atlanta Georgia, and Cleveland Ohio are two good areas for real estate investing. Mortgage interest rates are still incredibly low, and home prices and market conditions are in a position where real estate investors may be able to really reap.
Home prices in Atlanta are currently lower than they were 10 years ago! New construction is about a 10th of what it was during the height of the housing boom. In addition, the Atlanta area is still growing. home prices will go up.
Cleveland is a big industrial center, and unemployment there is declining. Unemployment is now down to 8.3%, and homes are incredibly cheap. The median price of homes for sale in Cleveland Ohio is just $50,000. While property taxes are very high in Cleveland, it should still a great place to invest in real estate.
via Valu Homes » Blog Archive » Two Good Areas for Real Estate Investing: Atlanta and Cleveland.