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Indianapolis named best area for real estate investors

Indianapolis was named the best market for real estate investors.

Indianapolis was named the best market for real estate investors.

Inman News recently compiled a list of the top 10 markets for real estate investors to target, which included a variety of factors.

To shape the list, Inman considered high affordability, low and declining prices, foreclosure sales, population growth, unemployment rates and return-on-investment rates for the next decade.

Considering these factors, Indianapolis topped the list, followed by Winchester, Virginia, Gainesville and Tallahassee, Florida, and Tucson, Arizona. In all, seven of the top 10 markets were from the South, while two were in the West and one in the Midwest. No Northeast market appeared in the top 10.

While homebuyer interest has fluctuated recently, the report found a renewed sense of confidence in investors. In fact, 77 percent of investors surveyed by the company relayed that now is the time to purchase real estate, while 68 percent of primary-home buyers interested in moving felt similarly.

"Historically speaking, whenever economics favored buying rather than renting, or … were about even, people favored buying because of the perceived benefits of homeownership," Rick Sharga, senior vice president of RealtyTrac, told the source.