Top 25 real estate investor metros by mortgage performance
LPS: California is home to 11 of 25 markets
Editor’s note: In compiling the “10 Best Markets for Real Estate Investors” report, Inman News reached out to a range of data providers and online real estate sites that supplied statistics and charts to identify real estate markets that may be well-suited for investors. The following chart and accompanying methodology were provided by loan data aggregator Lender Processing Services.
Top 25 Investor MSAs by Mortgage Performance MSA Active % Non-owner/
Investor HomesTotal
DelinquentFore-
closureNon-
currentFort Collins-
Loveland, Colo.79,453 9.03% 3.27% 1.27% 4.54% Eugene-Springfield, Ore. 70,630 8.65% 5.13% 2.28% 7.41% San Luis Obispo-
Paso Robles, Calif.60,300 10.00% 5.49% 2.18% 7.67% Honolulu 122,698 9.01% 5.07% 3.13% 8.21% Santa Cruz-
Watsonville, Calif.55,847 8.39% 6.03% 2.47% 8.50% Seaford, Del. 52,736 10.12% 4.88% 4.00% 8.88% Santa Rosa-
Petaluma, Calif.106,059 8.95% 6.61% 2.47% 9.07% Barnstable Town, Mass. 51,838 12.30% 6.44% 2.85% 9.30% Boise City-Nampa, Idaho 142,668 8.77% 6.22% 3.40% 9.62% Santa Barbara-
Santa Maria, Calif.71,081 9.47% 7.13% 2.54% 9.67% Wilmington, N.C. 84,644 9.55% 6.65% 3.04% 9.69% Sacramento-Arden-
Arcade-Roseville, Calif.509,587 8.00% 8.64% 3.51% 12.15% Salinas, Calif. 65,814 8.16% 8.89% 3.67% 12.56% Myrtle Beach-Conway-
North Myrtle Beach, S.C.73,253 12.45% 6.77% 5.83% 12.60% Fresno, Calif. 164,916 8.41% 9.71% 3.50% 13.21% Tallahassee, Fla. 58,877 8.03% 7.06% 6.44% 13.50% Visalia-Porterville, Calif. 76,772 8.91% 10.28% 3.34% 13.63% Reno-Sparks, Nev. 105,782 8.39% 7.88% 5.86% 13.74% Bakersfield, Calif. 152,948 8.43% 10.66% 4.24% 14.89% Modesto, Calif. 105,144 8.61% 10.53% 4.60% 15.13% Stockton, Calif. 134,928 8.53% 11.28% 4.67% 15.95% Naples-Marco Island, Fla. 72,098 8.90% 6.69% 13.06% 19.75% Sarasota-Bradenton-
Venice, Fla.152,533 8.81% 7.22% 13.40% 20.62% Las Vegas-Paradise, Nev. 480,599 8.63% 11.96% 9.42% 21.37% Cape Coral-Fort Myers, Fla. 143,195 9.41% 8.71% 14.33% 23.04% Source: LPS.
Methodology:
LPS took the top 25 metropolitan statistical areas (as defined by the U.S. Census Bureau) based on percentage of investor homes (only including those metropolitan statistical areas with more than 50,000 active loans) and ranked them on total noncurrent (loans), from lowest to highest. The data was current as of March 31, 2011. “Non-owner/Investor” is the occupancy status at origination, as provided by the servicer.
Definitions:
- “Delinquent”: 30 or more days past due but not in foreclosure.
- “Foreclosure”: The period after the loan is referred to attorney for foreclosure until foreclosure sale.
- “Noncurrent”: The sum of delinquent and foreclosure.
- “Total active”: Total number of active loans (first lien only).
Source: LPS.
Read the full report: “10 Best Markets for Real Estate Investors.”
This post was last modified on %s = human-readable time difference 2:43 pm
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
This website uses cookies.