Houston takes top spot among markets for residential property investment (Houston Chronicle)

Photo Courtesy of Houston Chronicle

Photo Courtesy of Houston Chronicle

By Katherine Feser

Houston topped a list of the best cities for residential real estate investments as pent-up demand and a growing economy overshadowed the cloud of lower oil prices, a new report showed.

HomeVestors, the Dallas-based company that runs the “We Buy Ugly Houses” franchise, and Local Market Monitor, a national real estate forecasting firm, identified markets where home prices are likely to increase at a good rate over the next few years. It looked at markets with above-average population growth (4 percent or better), current job rate growth of 2 percent or better and low unemployment.

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