Which areas of the United States have the highest chance of falling prices?
To make the list we examined the 50 largest counties in the United States Basilo considering how many homes were advertised for rent to a sales association.
Areas in red have the higher chance of falling prices. Charlotte is particularly insane, with 76% more homes for rent than for sale. It just shows the amount of investors in the area who are producing homes for rent versus vacant homes - because investors are simply snatching everything and releasing homes for rent. Other markets with high rents include Columbus, Indianapolis, Jacksonville, Phoenix and Rally.
Areas in blue are less likely to decline. There are about 5-7 times fewer homes for rent than for sale.
There are different metro from the old generation that naturally attract less investors so this ratio does not exist and the chance of a sharp correction is lower - some areas in Chicago, Detroit and New York are not as attractive to investors as the markets in red, so they have significantly fewer rentals.
Interestingly, Houston has 3 counties on the list because compared to other central areas in Texas that attracted a large amount of investors like Austin and Dallas, the madness has not reached those dimensions so the market is more stable and less inflated. Which we saw in another graph that came up in the group. Interestingly, Coyahoga County, Cleveland, also made the list
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