On August 21, the Wall Street Journal ranked Knoxville as the top #4 place for single-family investment properties! This means that Knoxville’s housing market is growing moderately compared to the rest of the nation and that it is a great place to buy an investment property, second home, or rental property. The study included all cities with populations above 200,000 and was based on the job market, income levels, and home values. ‘Regions that rank highly for investment suitability are those where there is a low probability that home prices will fall further, says Local Market Monitor President Ingo Winzer. They are places where income is growing moderately; where employment is relatively stable because of a large percentage of jobs in health care, education or government; and where a relatively small share of jobs is in construction or financial services, which have been volatile.’ (http://online.wsj.com/article/SB10001424052748703791804575439871207245044.html?mod=wsj_share_twitter)
This is great news for Knoxville! Caroline and I have already begun to snatch up a few investment properties ourselves, some as rentals and some as flips. It’s a great time to invest if you can. Call us if you have any questions or would like some advice on investment properties in the Knoxville area.
(site: Wall Street Journal http://online.wsj.com/article/SB10001424052748703791804575439871207245044.html?mod=wsj_share_twitter)
