Merced makes the Top 10!
Source: Zillow
Inman News, a leading source of real estate news for industry professionals and consumers, recently reported that Zillow, a real estate marketplace that compiles information on homes for sale, homes for rent, and homes not currently on the market, has identified the top 10 hottest markets for real estate investors in the country.
7 of the 10 markets are in California. The #1 market is Merced. According to Loren Gonella, Broker of Coldwell Banker Gonella Realty, “UC Merced Students are having a profound effect on the rental market. Beginning last year and significantly increasing this year, students have been renting housing in N. Merced. At the present moment, the inventory of available housing in N. Merced has decreased dramatically.”
Students indicate that renting off campus is significantly less expensive than on-campus housing. The increased demand for rentals has resulting in rental amounts increasing in the N. Merced Area.
To read the full article on Inman News click here.
Explore posts in the same categories: Merced County Real Estate, Real Estate Market Update, Rentals, UncategorizedTags: Hottest Markets, Inman news, investors, Merced, Real Estate, Rental Markets, UC Merced, Zillow
You can comment below, or link to this permanent URL from your own site.
Gonella Realty's Market Update 
June 23, 2011 at 5:03 pm
We know this, and it’s nice that the word is getting out to others as well – and not only is it a good place for investors it’s a great market for first time home-buyers. People are saving money each month by purchasing a home and not paying rent any more – why make the house payment for your landlord?