Irvine-California based HomeUnion, an online real-estate investment management firm, added Atlanta, Georgia, Davenport, Iowa/Illinois, Huntsville, Alabama, Jacksonville, Florida and Orlando, Florida to its list of active investment markets.
The company identified the five metros as prime investment markets due to variables such as home prices, vacancies, historical income trends, employment, local economy and population growth amongst other criteria.
“There are an increasing number of renters in the U.S. A recent report released by Harvard University’s Joint Center for Housing Studies said that renter households rose to a 20-year high of 35.5% in 2014, and the Urban Institute expects that level to continue to rise until at least 2030,” said Don Ganguly, CEO of HomeUnion. “We believe this increasing demand for residential rental space will enable SFR investments to continue producing high yields.”
In addition to these new metropolitan areas, HomeUnion lists investment properties in 13 other markets including:
- San Antonio
- Southern California
Its most recent move was into the Southern California market. “The disruption in the Chinese equity markets and the massive government intervention to halt a slide that began last year, has made tangible U.S. assets such as real estate in major markets like Southern California, attractive as a haven for investment capital,” said Ganguly.