San
Antonio has been named one of America's top cities for residential real estate investing
for the first quarter of 2008.
That's at
least according to a report by Dallas-based HomeVestors of America Inc., the
company better known for its "We Buy Ugly Houses" billboards.
San
Antonio ranked seventh on the HomeVestors' list.
The top
market for real estate investing is Dallas, followed by Houston, Atlanta, Fort
Worth, St. Louis and Philadelphia.
Denver, Minneapolis
and Phoenix round out the top 10.
HomeVestors
based the findings on the number of houses bought in each market by the
franchise network in the first quarter of 2008. HomeVestors has bought more
than 34,000 homes in the United States over the last 11 years.
"We're
off to another ugly year for residential real estate, creating record-setting
demand for a trusted national home buyer," says John Hayes, president and
CEO of HomeVestors.
"We
generated more than 200,000 opportunities for our franchisees to buy houses in
2007 and we expect even more opportunities this year. Despite changes in the
market, real estate investing continues to grow," he adds.
HomeVestors specializes in buying, rehabbing and selling single-family
homes across the nation.
