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 [url removed, login to view] 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.
[url removed, login to view] (home value index) sort ascending. Verify with [url removed, login to view]:
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 [url removed, login to view], (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).