Source: CNN
After the housing crash, markets across the country have been on a long road to recovery. These markets are still undervalued, according to real estate investment firm West Realty Advisors.
Detroit
Median home price difference: (2006-2015) -50.08%
Detroit has been through some rough times in recent years, but it's slowly revitalizing.
The city is no longer in bankruptcy, and has experienced an increase in companies opening shop and investing in it, according to James Paine, managing partner at West Realty Advisors.
"There is a big push to get tech companies out there," he said.
Orlando
Median home price difference: (2006-2015) -40.84%
With more East Coasters drifting down south to take advantage of the warmer weather, Orlando's real estate market could have some room to run.
Plus, housing is cheap in the central Florida city, Paine said. The median home price is around $139,000, still far below $235,000 in 2006. "The affordability factor for being able to buy is very high."
Las Vegas
Median home price difference: (2006-2015) -40.55%
It might be time to take a gamble on Las Vegas. "There's a lot of money be poured into Vegas right now," said Paine.
New home construction has been strong in the area, he added, which has helped keep home prices from getting too inflated.
Sarasota, Fl
Median home price difference: (2006-2015) -31.03%
This Florida city has a lot going for it, according to Paine: an improving job market, nice weather and affordable homes.
Phoenix
Median home price difference: (2006-2015) -28.57%
Phoenix took a major hit when the housing bubble burst, but it's also had a big recovery. The city is a favorite among snowbirds and the job market has been improving, the report found.
Memphis
Median home price difference: (2007-2015) -25.55%
The town might be known for its music and barbecue, but its real estate market might soon be something to write home about.
"It has one of the greatest opportunities for mom and pop real estate investors to invest in," said Paine.
Chicago
Median home price difference: (2006-2015) -25.3%
The Windy City is the biggest market West Realty Advisors has invested in over the last 18 months. "We think it's the absolutely best bang for our buck," said Paine.
The city's housing market took a major hit after the crash and has faced a sluggish recovery. The median home price has recovered to $183,000 from its high of $245,000 in 2008.
Manchester, NH
Median home price difference: (2006-2015) -19.14%
With a population of more than 110,000 residents in 2013, this New Hampshire town has seen strong growth in its manufacturing sector, according to West Realty Advisors.
"Given what you get in that entire region compared to Boston, we thought pricing is good," said Paine.
Columbus, OH
Median home price difference: (2006-2015) -14.16%
The reviving manufacturing and telecom industries are creating job openings in Columbus, according to Paine. And that's good news for its real estate market.
"If you have a family and have two people that are making at or just above minimum wage, you can buy a home. There is good opportunity there."
Portland, Ore.
Median home price difference: (2007-2015) +5.78%
"If a town is hot enough to have a show about it, it's really on the rise," said Paine. The median home price is up 32% in four years, the report found.
Median home price difference: (2006-2015) -50.08%
Detroit has been through some rough times in recent years, but it's slowly revitalizing.
The city is no longer in bankruptcy, and has experienced an increase in companies opening shop and investing in it, according to James Paine, managing partner at West Realty Advisors.
"There is a big push to get tech companies out there," he said.
Orlando
Median home price difference: (2006-2015) -40.84%
With more East Coasters drifting down south to take advantage of the warmer weather, Orlando's real estate market could have some room to run.
Plus, housing is cheap in the central Florida city, Paine said. The median home price is around $139,000, still far below $235,000 in 2006. "The affordability factor for being able to buy is very high."
Las Vegas
Median home price difference: (2006-2015) -40.55%
It might be time to take a gamble on Las Vegas. "There's a lot of money be poured into Vegas right now," said Paine.
New home construction has been strong in the area, he added, which has helped keep home prices from getting too inflated.
Sarasota, Fl
Median home price difference: (2006-2015) -31.03%
This Florida city has a lot going for it, according to Paine: an improving job market, nice weather and affordable homes.
Phoenix
Median home price difference: (2006-2015) -28.57%
Phoenix took a major hit when the housing bubble burst, but it's also had a big recovery. The city is a favorite among snowbirds and the job market has been improving, the report found.
Memphis
Median home price difference: (2007-2015) -25.55%
The town might be known for its music and barbecue, but its real estate market might soon be something to write home about.
"It has one of the greatest opportunities for mom and pop real estate investors to invest in," said Paine.
Chicago
Median home price difference: (2006-2015) -25.3%
The Windy City is the biggest market West Realty Advisors has invested in over the last 18 months. "We think it's the absolutely best bang for our buck," said Paine.
The city's housing market took a major hit after the crash and has faced a sluggish recovery. The median home price has recovered to $183,000 from its high of $245,000 in 2008.
Manchester, NH
Median home price difference: (2006-2015) -19.14%
With a population of more than 110,000 residents in 2013, this New Hampshire town has seen strong growth in its manufacturing sector, according to West Realty Advisors.
"Given what you get in that entire region compared to Boston, we thought pricing is good," said Paine.
Columbus, OH
Median home price difference: (2006-2015) -14.16%
The reviving manufacturing and telecom industries are creating job openings in Columbus, according to Paine. And that's good news for its real estate market.
"If you have a family and have two people that are making at or just above minimum wage, you can buy a home. There is good opportunity there."
Portland, Ore.
Median home price difference: (2007-2015) +5.78%
"If a town is hot enough to have a show about it, it's really on the rise," said Paine. The median home price is up 32% in four years, the report found.
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