You are on page 1of 8

Hot off the Presses – Special Article for Ultimate Investor Newsletter Subscribers!

Real Estate Investing is Booming!

According to statistics from the National Real Estate Investors Association, the number of real estate investment groups has quadrupled in the
past three years from 44 to 178. There are hundreds more clubs popping up all over the US that aren’t affiliated with NREIA – an estimated
500 more. And many groups which once met monthly are now meeting weekly as the dropping home prices are creating a more lucrative
than ever real estate investment market.

However, with a general increase in the interest in real estate investing, there hasn’t been as rapid an increase in the actual business of real
estate investing. More people are looking for deals – and more deals exist in today’s market – but there aren’t as many more investors as
there are researchers in real estate investment. Now is a really good time to be looking at putting your efforts to investing in properties to rent
or to flip.

You’ll see in the upcoming issue of my newsletter that Detroit, MI is a phenomenal market to invest in. I have also found that price
appreciation (by percentage) has varied greatly in many cities across the United States. Shown below are the rankings according to MNS’s
Money Staff on 2/24/09.

Price appreciation as of Dec. 31 (by percentage):

Metro area Rankin Q4 1 year 5 years

g 2008

Akron, OH 180 0.18 -4.01 0.63

Albany-Schenectady-Troy, NY 133 -1.05 -1.22 43.65

Albuquerque, NM 152 -0.92 -2.18 44.67

Allentown-Bethlehem-Easton, PA-NJ 183 -0.90 -4.13 37.51

Amarillo, TX 87 -0.87 0.06 21.48

Ames, IA 81 0.52 0.43 12.08

Anchorage, AK 92 -0.41 -0.10 38.25

Anderson, IN 119 -0.09 -0.89 0.92

Anderson, SC 16 1.59 3.13 20.38

Ann Arbor, MI 223 -0.41 -6.87 -10.24

Appleton, WI 122 3.07 -0.94 13.27

Asheville, NC 49 0.58 1.31 46.49

Athens-Clarke County, GA 48 2.09 1.32 21.31

Atlanta-Sandy Springs-Marietta, GA 177 -1.09 -3.82 11.08

Atlantic City-Hammonton, NJ 209 0.74 -5.56 44.14

Augusta-Richmond County, GA-SC 97 -2.20 -0.14 32.86

Austin-Round Rock, TX 6 -0.07 4.44 34.35

Bakersfield, CA 281 -5.19 -29.06 18.27

Baltimore-Towson, MD 217 -1.37 -5.84 48.87

Barnstable Town, MA 205 1.25 -5.26 12.78

Baton Rouge, LA 100 -0.68 -0.30 33.67

Battle Creek, MI 181 0.08 -4.06 0.31

Bay City, MI 241 -2.38 -11.00 -5.93

Beaumont-Port Arthur, TX 15 2.61 3.14 31.31

Bellingham, WA 109 1.62 -0.63 60.66

Bend, OR 250 -5.48 -15.14 43.89

Bethesda-Frederick-Rockville, MD 233 -0.85 -8.76 32.81

Billings, MT 11 2.54 3.61 41.92
Birmingham-Hoover, AL 66 -0.20 0.75 24.45

Bismarck, ND 19 4.90 2.84 43.04

Blacksburg-Christiansburg-Radford, VA 79 -1.18 0.49 34.06

Bloomington, IN 72 -0.40 0.64 19.14

Bloomington-Normal, IL 56 1.14 1.16 14.38

Boise City-Nampa, ID 213 -0.06 -5.74 48.87

Boston-Quincy, MA 173 0.81 -3.42 8.88

Boulder, CO 17 0.98 2.99 16.00

Bowling Green, KY 23 1.06 2.65 18.14

Bradenton-Sarasota-Venice, FL 278 -7.40 -25.36 6.35

Bremerton-Silverdale, WA 226 -2.06 -7.58 52.67

Bridgeport-Stamford-Norwalk, CT 210 -1.31 -5.59 21.87

Buffalo-Niagara Falls, NY 37 -0.55 1.71 19.91

Burlington, NC 98 1.48 -0.15 6.41

Burlington-South Burlington, VT 120 -0.14 -0.90 35.60

Cambridge-Newton-Framingham, MA 161 0.60 -2.67 9.03

Camden, NJ 188 -0.78 -4.41 37.81

Canton-Massillon, OH 175 0.60 -3.64 0.38

Cape Coral-Fort Myers, FL 287 -10.92 -32.93 -1.71

Cedar Rapids, IA 70 0.51 0.69 12.56

Champaign-Urbana, IL 101 0.83 -0.31 19.76

Charleston, WV 41 1.31 1.63 20.30

Charleston-North Charleston-Summerville, SC 149 -1.67 -1.94 45.31

Charlotte-Gastonia-Concord, NC-SC 36 1.13 1.78 27.28

Charlottesville, VA 176 -1.90 -3.79 46.13

Chattanooga, TN-GA 125 -2.25 -1.03 21.24

Cheyenne, WY 96 0 -0.13 29.52

Chicago-Naperville-Joliet, IL 184 0.01 -4.26 23.69

Chico, CA 239 -1.08 -10.63 21.00

Cincinnati-Middletown, OH-KY-IN 147 -0.16 -1.87 8.66

Cleveland-Elyria-Mentor, OH 179 0.92 -3.94 -0.80

Coeur d'Alene, ID 189 -1.70 -4.45 64.48

Colorado Springs, CO 146 1.13 -1.79 15.83

Columbia, MO 29 -0.51 2.11 22.04

Columbia, SC 45 0.41 1.46 24.86

Columbus, GA-AL 89 0.59 -0.01 30.12

Columbus, IN 68 1.41 0.74 13.88

Columbus, OH 112 1.27 -0.74 7.89

Corpus Christi, TX 35 2.50 1.79 30.79

Dallas-Plano-Irving, TX 33 0.17 1.86 15.84

Davenport-Moline-Rock Island, IA-IL 61 1.80 0.85 17.57

Dayton, OH 155 -0.62 -2.34 5.12

Decatur, AL 1 1.78 6.58 25.36

Decatur, IL 83 -0.68 0.32 15.40
Deltona-Daytona Beach-Ormond Beach, FL 268 -3.96 -19.84 27.35

Denver-Aurora-Broomfield, CO 111 0.77 -0.71 6.34

Des Moines-West Des Moines, IA 138 1.20 -1.48 14.10

Detroit-Livonia-Dearborn, MI 257 -3.17 -16.42 -22.30

Dubuque, IA 76 0.04 0.57 17.86

Duluth, MN-WI 84 1.28 0.26 25.57

Durham-Chapel Hill, NC 28 0.97 2.15 25.65

Eau Claire, WI 85 1.16 0.22 19.40

Edison-New Brunswick, NJ 207 -0.64 -5.42 28.72

El Paso, TX 105 -0.29 -0.41 45.30

Elkhart-Goshen, IN 60 1.49 0.86 11.16

Erie, PA 131 -1.74 -1.16 12.40

Eugene-Springfield, OR 166 0.09 -3.20 51.90

Evansville, IN-KY 153 -1.90 -2.29 8.61

Fargo, ND-MN 63 0.68 0.82 23.79

Fayetteville, NC 21 -1.88 2.80 27.67

Fayetteville-Springdale-Rogers, AR-MO 165 0.38 -3.04 25.34

Flagstaff, AZ-UT 227 -0.85 -7.58 58.47

Flint, MI 237 2.24 -9.47 -12.43

Florence, SC 14 0.55 3.14 22.04

Fond du Lac, WI 123 1.33 -0.96 17.74

Fort Collins-Loveland, CO 91 0.48 -0.09 8.18

Fort Smith, AR-OK 74 -1.10 0.61 24.02

Fort Walton Beach-Crestview-Destin, FL 253 -3.50 -15.56 34.17

Fort Wayne, IN 44 -0.35 1.53 7.50

Fort Worth-Arlington, TX 54 1.14 1.21 15.88

Fresno, CA 277 -4.56 -25.06 11.47

Ft. Lauderdale-Pompano Bch.-Deerfield Bch., FL 279 -6.28 -25.95 16.61

Gainesville, GA 170 -3.09 -3.34 17.56

Gary, IN 144 0.10 -1.71 17.99

Grand Junction, CO 77 -2.75 0.55 56.93

Grand Rapids-Wyoming, MI 194 1.36 -4.69 -0.92

Greeley, CO 224 -1.31 -7.25 -6.58

Green Bay, WI 137 1.31 -1.38 11.97

Greensboro-High Point, NC 113 -1.49 -0.75 12.81

Greenville-Mouldin-Easley, SC 13 1.05 3.23 22.85

Gulfport-Biloxi, MS 222 -1.35 -6.71 36.81

Hagerstown-Martinsburg, MD-WV 231 -1.50 -8.02 40.93

Harrisburg-Carlisle, PA 55 1.00 1.17 34.58

Hartford-West Hartford-East Hartford, CT 159 0.18 -2.60 25.14

Hickory-Lenoir-Morganton, NC 31 -1.33 1.99 18.89

Holland-Grand Haven, MI 220 -0.52 -6.21 -0.20

Honolulu, HI 167 -1.89 -3.27 65.22

Houma-Bayou Cane-Thibodaux, LA 58 0.08 1.04 41.60
Houston-Sugar Land-Baytown, TX 10 0.03 3.72 26.40

Huntington-Ashland, WV-KY-OH 57 -1.04 1.06 23.59

Huntsville, AL 9 1.64 3.78 33.26

Idaho Falls, ID 22 4.15 2.73 45.95

Indianapolis-Carmel, IN 130 -0.62 -1.14 7.55

Iowa City, IA 143 0.85 -1.63 15.37

Jackson, MI 172 8.76 -3.40 -2.40

Jackson, MS 80 2.51 0.47 23.09

Jacksonville, FL 238 -3.23 -9.98 35.93

Janesville, WI 174 0.63 -3.06 17.31

Jefferson City, MO 39 -0.67 1.67 18.80

Joplin, MO 93 0.12 -0.11 15.86

Kalamazoo-Portage, MI 185 -0.33 -4.32 3.59

Kankakee-Bradley, IL 104 -1.01 -0.41 27.26

Kansas City, MO-KS 158 0.10 -2.47 10.23

Kennewick-Pasco-Richland, WA 25 1.73 2.30 20.28

Kingsport-Bristol-Bristol, TN-VA 3 4.02 6.26 37.28

Kingston, NY 225 -2.73 -7.49 30.68

Knoxville, TN 71 -0.02 0.69 33.00

Kokomo, IN 94 4.82 -0.12 -1.18

La Crosse, WI-MN 30 1.96 2.02 22.01

Lafayette, IN 26 2.86 2.28 6.17

Lafayette, LA 121 1.27 -0.90 33.79

Lake County-Kenosha County, IL-WI 178 -0.37 -3.89 16.99

Lake Havasu City-Kingman, AZ 256 -1.83 -15.99 31.26

Lakeland-Winter Haven, FL 254 -7.73 -15.68 41.54

Lancaster, PA 40 0.68 1.64 38.08

Lansing-East Lansing, MI 208 2.20 -5.54 -1.09

Las Cruces, NM 169 -1.42 -3.29 41.54

Las Vegas-Paradise, NV 285 -9.49 -32.60 6.28

Lawrence, KS 132 -0.45 -1.21 16.05

Lexington-Fayette, KY 90 -1.53 -0.05 18.88

Lima, OH 73 1.33 0.62 11.43

Lincoln, NE 75 -0.40 0.60 11.22

Little Rock-North Little Rock-Conway, AR 53 1.49 1.21 24.12

Logan, UT-ID 32 0.47 1.92 34.96

Longview, WA 197 -1.85 -4.78 46.73

Los Angeles-Long Beach-Glendale, CA 267 -3.48 -19.77 30.02

Louisville-Jefferson County, KY-IN 65 0.79 0.80 16.11

Lubbock, TX 5 0.77 4.55 17.96

Lynchburg, VA 34 2.01 1.79 42.80

Macon, GA 182 -5.66 -4.12 12.00

Madera-Chowchilla, CA 280 -6.91 -28.61 10.82

Madison, WI 116 1.21 -0.81 21.67
Manchester-Nashua, NH 198 0.45 -4.80 12.22

Mankato-North Mankato, MN 134 -1.86 -1.25 16.40

Mansfield, OH 126 -1.37 -1.08 -1.79

Medford, OR 236 -0.93 -9.33 34.59

Memphis, TN-MS-AR 162 -1.07 -2.89 11.67

Merced, CA 292 -16.29 -49.50 -33.34

Miami-Miami Beach-Kendall, FL 276 -8.52 -24.15 34.25

Michigan City-La Porte, IN 115 0.60 -0.80 13.89

Milwaukee-Waukesha-West Allis, WI 148 0.57 -1.91 22.03

Minneapolis-St. Paul-Bloomington, MN-WI 221 0.17 -6.37 8.16

Missoula, MT 124 -0.17 -0.99 37.19

Mobile, AL 114 -3.74 -0.78 37.03

Modesto, CA 290 -7.48 -37.78 -18.98

Monroe, LA 2 2.92 6.29 22.69

Monroe, MI 259 -9.52 -17.26 -17.80

Montgomery, AL 8 3.25 4.06 29.01

Mount Vernon-Anacortes, WA 201 -2.93 -5.09 52.56

Muskegon-North Shores, MI 211 0.39 -5.60 0.13

Myrtle Beach-North Myrtle Beach-Conway, SC 196 0.98 -4.74 48.41

Napa, CA 269 -7.25 -20.11 2.78

Naples-Marco Island, FL 286 -13.70 -32.87 6.85

Nashville-Davidson--Murfreesboro--Franklin, TN 52 0.70 1.24 31.87

Nassau-Suffolk, NY 229 -1.23 -7.69 25.02

New Haven-Milford, CT 200 -0.31 -5.05 25.12

New Orleans-Metairie-Kenner, LA 128 0.92 -1.10 32.33

New York-White Plains-Wayne, NY-NJ 206 -0.58 -5.39 34.58

Newark-Union, NJ-PA 215 -0.38 -5.83 28.73

Niles-Benton Harbor, MI 150 3.99 -1.96 19.62

Norwich-New London, CT 192 -0.67 -4.55 25.85

Oakland-Fremont-Hayward, CA 266 -2.15 -19.26 6.39

Ocala, FL 251 -3.12 -15.27 41.57

Ocean City, NJ 160 5.24 -2.66 40.42

Ogden-Clearfield, UT 141 0.21 -1.54 38.57

Oklahoma City, OK 102 -1.06 -0.34 22.44

Olympia, WA 164 0.02 -3.01 56.23

Omaha-Council Bluffs, NE-IA 110 1.19 -0.67 11.24

Orlando-Kissimmee, FL 260 -4.71 -17.95 36.45

Oshkosh-Neenah, WI 107 -0.28 -0.62 14.27

Oxnard-Thousand Oaks-Ventura, CA 271 -3.28 -20.62 8.23

Palm Bay-Melbourne-Titusville, FL 272 -4.79 -21.06 17.37

Panama City-Lynn Haven-Panama City Beach, FL 235 -0.95 -9.07 43.04

Peabody, MA 187 0.93 -4.40 5.81

Pensacola-Ferry Pass-Brent, FL 234 -4.58 -9.03 31.50

Peoria, IL 88 -0.36 0.03 17.61
Philadelphia, PA 145 0.25 -1.72 38.74

Phoenix-Mesa-Scottdale, AZ 265 -4.14 -18.85 37.44

Pittsburgh, PA 59 -0.09 0.97 17.31

Port St. Lucie, FL 270 0.77 -20.17 7.65

Portland-South Portland-Biddeford, ME 157 -0.38 -2.45 25.27

Portland-Vancouver-Beaverton, OR-WA 204 -1.75 -5.20 48.57

Poughkeepsie-Newburgh-Middletown, NY 228 -3.21 -7.59 21.78

Prescott, AZ 247 -3.73 -13.16 42.95

Providence-New Bedford-Fall River, RI-MA 232 -0.52 -8.11 14.44

Provo-Orem, UT 191 -0.80 -4.54 42.38

Pueblo, CO 99 3.92 -0.25 10.75

Punta Gorda, FL 283 -14.27 -29.72 -4.91

Racine, WI 117 1.85 -0.85 24.22

Raleigh-Cary, NC 18 0.05 2.96 27.61

Rapid City, SD 12 0.91 3.60 29.60

Reading, PA 156 -0.74 -2.34 37.38

Redding, CA 249 -2.20 -14.62 22.47

Reno-Sparks, NV 252 -1.91 -15.5 21.17

Richmond, VA 151 -0.81 -2.00 45.82

Riverside-San Bernardino-Ontario, CA 288 -7.36 -34.32 2.96

Roanoke, VA 24 0.78 2.39 37.71

Rochester, MN 43 2.35 1.56 11.73

Rochester, NY 86 0.84 0.20 14.76

Rockford, IL 118 0.91 -0.87 20.38

Rockingham County-Strafford County, NH 202 0.05 -5.09 11.59

Sacramento-Arden-Arcade-Roseville, CA 275 -2.80 -22.09 -2.85

Saginaw-Saginaw Township North, MI 219 4.13 -6.16 -6.35

Salem, OR 154 0.51 -2.32 45.71

Salinas, CA 284 -1.58 -32.18 -9.38

Salt Lake City, UT 171 -0.72 -3.37 50.62

San Antonio, TX 142 -1.65 -1.62 31.10

San Diego-Carlsbad-San Marcos, CA 261 -2.30 -18.03 4.27

San Francisco-San Mateo-Redwood City, CA 230 -1.23 -7.86 25.98

San Jose-Sunnyvale-Santa Clara, CA 243 -1.97 -11.41 22.83

San Luis Obispo-Paso Robles, CA 246 -4.06 -13.11 13.37

Santa Ana-Anaheim-Irvine, CA 262 -2.92 -18.22 18.93

Santa Barbara-Santa Maria-Goleta, CA 255 -0.98 -15.78 2.14

Santa Cruz-Watsonville, CA 245 -2.06 -12.76 18.00

Santa Fe, NM 186 -1.38 -4.35 35.52

Santa Rosa-Petaluma, CA 263 -2.29 -18.25 1.76

Savannah, GA 82 0.93 0.33 41.57

Scranton-Wilkes-Barre, PA 47 2.52 1.41 38.84

Seattle-Bellevue-Everett, WA 199 -1.56 -5.00 48.55

Sheboygan, WI 140 1.35 -1.52 21.53
Shreveport-Bossier City, LA 62 -1.45 0.82 25.86

Sioux City, IA-NE-SD 69 2.23 0.70 14.06

Sioux Falls, SD 27 1.40 2.15 20.54

South Bend-Mishawaka, IN-MI 95 0.27 -0.13 13.14

Spartanburg, SC 168 -4.49 -3.28 11.58

Spokane, WA 135 0.41 -1.26 59.94

Springfield, IL 67 1.42 0.74 15.19

Springfield, MA 216 0.13 -5.84 24.24

Springfield, MO 127 -0.28 -1.10 20.24

Springfield, OH 64 4.64 0.80 6.36

St. Cloud, MN 139 0.02 -1.49 15.58

St. George, UT 248 -3.22 -13.28 48.41

St. Louis, MO-IL 129 0.60 -1.10 20.94

Stockton, CA 291 -5.03 -40.19 -22.56

Syracuse, NY 20 -1.83 2.82 25.18

Tacoma, WA 203 -0.78 -5.11 51.78

Tallahassee, FL 212 -3.80 -5.72 40.20

Tampa-St. Petersburg-Clearwater, FL 264 -5.39 -18.82 24.68

Terre Haute, IN 108 -0.11 -0.62 6.45

Toledo, OH 190 1.57 -4.45 -1.58

Topeka, KS 42 0.52 1.63 18.08

Trenton-Ewing, NJ 214 -1.23 -5.79 27.46

Tucson, AZ 242 -2.24 -11.28 38.52

Tulsa, OK 78 -0.99 0.55 16.41

Tuscaloosa, AL 4 0.87 4.84 29.95

Vallejo-Fairfield, CA 289 -5.32 -34.38 -14.92

Virginia Beach-Norfolk-Newport News, VA-NC 163 -0.69 -2.98 63.20

Visalia-Porterville, CA 274 -4.91 -21.31 29.42

Warren-Troy-Farmington Hills, MI 240 -1.22 -10.97 -15.14

Washington-Arlington-Alexandria, DC-VA-MD-WV 244 -1.27 -12.15 34.66

Waterloo-Cedar Falls, IA 46 0.75 1.44 21.00

Wausau, WI 50 1.71 1.30 23.15

Wenatchee-East Wenatchee, WA 51 3.22 1.24 75.37

West Palm Beach-Boca Raton-Boynton Beach, 273 -1.77 -21.20 17.78

FL

Wichita, KS 38 2.48 1.71 16.50

Wilmington, DE-MD-NJ 193 -1.83 -4.62 37.45

Wilmington, NC 195 -2.71 -4.74 54.17

Winchester, VA-WV 258 -6.62 -17.03 26.14

Winston-Salem, NC 103 2.68 -0.35 15.04

Worcester, MA 218 1.12 -6.02 7.52

Yakima, WA 7 4.43 4.35 37.61

York-Hanover, PA 136 -0.50 -1.37 43.37

Youngstown-Warren-Boardman, OH-PA 106 3.24 -0.60 5.56
Yuba City, CA 282 -7.47 -29.62 -7.70