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 Homes |
Total Delinquent |
Fore- closure |
Non- current |
| Fort 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."
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