This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Housing Markets Where You'll Break Even Fast When You Buy

Third-shortest break-even period: Phoenix, Ariz.
Break-even point: 2.1 years

Phoenix is rising from the housing bust's ashes, with median local property values bouncing back by an estimated 24% over the past year to hit $165,600.

Zillow predicts home values will rise another 10.6% during the coming 12 months, which means people who buy Phoenix properties can expect a quick break-even point.

Gudell says that's particularly true given that home values are still relatively low when compared with the area's $1,170 estimated median rent.

Add in the expected future home-price appreciation and "it's looking pretty [smart] to buy in Phoenix right now," she says.

Zillow lists nearly 7,000 Phoenix-area houses and condos as up for sale.
4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
Z $86.18 -1.30%
FB $87.61 0.37%
GOOG $522.05 -0.26%
TSLA $277.44 -0.92%
YHOO $38.98 -1.00%

Markets

DOW 17,669.88 -60.23 -0.34%
S&P 500 2,066.91 -9.87 -0.48%
NASDAQ 4,990.2650 -18.9490 -0.38%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs