Another notable sign here that the Buffalo housing market is one of the overall best in the country. Buffalo ranked in 2010 as having the second least number of foreclosures in the nation. While this is not good news for those out looking to buy foreclosures, those who are looking for a stable place to park their investment dollar should certainly consider Buffalo. High market stability, inexpensive pricing and a great rental market make Buffalo an ideal place to purchase income investment property.
While many investors are heading straight for areas with high foreclosure rates (Las Vagas, Most parts of Florida, Arizona, California, Detroit) a savvy investor will realize that unstable markets such as these are extremely high risk areas of investment. Many of these areas (Detroit and SW Florida in particular) are areas of near total economic ruin where the infrastructure itself cannot function. Speculative investing in these areas will most like lead to financial ruin.
An investment in an income producing, fully rehabbed, turn-key investment property in a stable market like Buffalo will allow for a solid, nearly guaranteed rate of return on your investment dollar.
10 Highest & Lowest Foreclosure Rates in 2010
