Investments in rental homes are particularly attractive now in California, Florida and Texas. California has 12 top rental markets…Florida, nice…and Texas, seven. Rankings are based on expected household income growth, historical change in housing prices, job growth and population trends. Investment-home sales in the US rose 64.5% last year, to 1.23 million from 749,000 in 2010, because of low home pricesm, an improving employment picture and rent increases in some markets.
Data from Local Market Monitor and the National Association of Realtors, reported in Investor’s Business Daily.