Jay's notes: Atlanta is ranked the second hottest market in the whole U.S. and offers the best cash flow among the top-ranked markets. The lower prices and high cash flow is about to change. Hedge funds are now aggressively buying in Atlanta.
ERA Real Estate released its
updated “Hot Home Markets” list, showing which metro areas are posting
some of the highest year-over-year average sales price and transaction
increases.
ERA brokers are reporting some of the highest increases -- based on local MLS data -- in the following markets:
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Albuquerque, N.M.
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Atlanta, Ga.
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Central Massachusetts
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Colorado Springs, Colo.
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Fernandina Beach, Fla.
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Florence, S.C.
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Houston, Texas
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Kent County, Del.
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Lake Charles, La.
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Leesburg, Fla.
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Los Angeles County, Calif.
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Medford, Mass.
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Mercer County, N.J.
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New Orleans, La.
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Orange County, N.Y.
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Sheridan, Wyo.