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Identify the ten lowest income per capita cities that are located in MSAs East of the Mississippi River. These MSAs must have populations over one million.
Through www.fhfa.gov website, make note of how recent those cities have had real estate "boom" markets (real estate appreciation). Select and make note of three of those cities that are experiencing a relatively "flat" market.
Zillow.com/local-info (home value index) sort ascending. Verify with www.Realtor.com:
Make written note of each of three cities names, # of SFR (Single Family Residences) FOR SALE. List them from low to high prices, showing 50 homes/pg. Then make written note of the highest price of the 50 lowest priced SFR and of the lowest price of those 50, noting also the # of foreclosures or REO (if given).
Verify on ListSource.com, (Geography MSA) noting # of Absentee Owners (SFR rentals)
Make a note of the number of buyers in these zip codes in the last three months
The goal is to find 3 cities (in MSAs with population of a minimum of one million) that have zip codes with a high number of low-priced SFR (inventory), and have
a high number of buyers (demand).