Earlier this summer Denver was listed as one of the top 10 best markets in the country for millennial homebuyers by the National Association of Realtors. According to the association’s research, 15.7 percent of the Denver metro population in the years between 2010 and 2012 were millennials — typically defined as people born after 1982 — and the growth in private payroll jobs from May 2013 to May 2014 was 2.7 percent, contributing to an overall unemployment rate of 5.9 percent.

However, the availability of homes continues to be a problem for young homebuyers in Denver, with a 20 percent drop in inventory year-over-year in May.But the ever-increasing population of people under 35 in the area means that millennials will inevitably become part of the home-buying equation.

What is happening in Denver though is a classic case of supply and demand. Prices have skyrocketed over the last few years leaving many new home buyers, including the millenials wondering if they can afford a new home. Metro-area home values hit another all-time high in May — good news for people who already own houses but bad for businesses trying to lure workers from other cities.

The S&P/Case-Shiller Home Price Indices reported Tuesday that Denver’s home price index reached 152.58, ticking past previous highs of 150.58 in April and 148.18 in March, and up 8.2 percent from May 2013.

The Case-Shiller Index, a closely watched measure of real estate values, tracks the resale of houses in three price tiers over time and does not include condominiums. The 152.58 level means that home values in May were, on average, 52.58 percent higher than in January 2000, the benchmark month.

“If you live here and own a house, it’s great news,” said Metro Denver Economic Development Corp. CEO Tom Clark. “If you are trying to come in from the Midwest or Texas, it’s a challenge. For many folks it can be sticker shock.”

Bottom line, rising house values mean it is a great time to sell your house in Denver, but if you are trying to invest in the area, don’t expect any great deals just yet. According to data provided by Zillow, home prices averaged $253,000 in metro Denver in May exceeding the pre-recession peak.

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Campbell County was founded December 17, 1794, two years after the creation of the Commonwealth of Kentucky, becoming the state’s 19th county. Campbell County was carved out of Scott, Harrison and Mason counties. Interestingly, Campbell County is named in honor of John Campbell, an Irish immigrant who was a soldier, explorer, statesman and one of the drafters of the Kentucky Constitution. Another interesting piece of history for the county is it used to house more than 12 casinos, 9 of which went on to start up in Las Vegas. Seems in the 30’s and now again Campbell county is the place to be for fast cash.

 Campbell County is actually part of the Cincinnati-Northern Kentucky metropolitan area. Perhaps the best know attraction in the Cincinnati area actually NOT in Ohio is in Newport, one of Campbell Counties county seats. Newport Aquarium showcases thousands of animals from around the world in a million gallons of water.  The Aquarium’s continues popularity since it opened 15 years ago has continually brought many jobs and tourism to the county as a whole. 

Newport Aquarium

So let’s take a look at the county’s stats:

Campbell County, Ky.
Return on investment: 69.9%
Increase in foreclosures: 238.5%
Unemployment rate: 6.3%
 Number of flips: 163

The median home price in Campbell County was $90,800 in the 12 months through March 2014, among the lower median prices nationwide. The area’s estimated median income for 2014 was comparably low as well, at slightly less than $60,000. This suggests homebuyers did not commit to mortgages well in excess of their income. And yet, foreclosures in Campbell County increased dramatically in recent months, jumping by 238% between the first quarter of 2013 and the first quarter of 2014, boosting the potential inventory for home flips. More distressed homes may help flipping activity return to 2013 levels, when more than 10% of all home sales were flips. Flipped homes accounted for just 3.4% of sales as of the beginning of 2014.

In order to be considered a good place for flipping houses, a county had to meet the following criteria all of which Campbell County passed with flying colors:

• the county had to have at least 100 single-family homes flipped between April 2013 and March 2014
• the flips had to have at least a 30% return on investment
• unemployment had to be below the national average of 6.7% in March
• the county had to have an increase in foreclosure activity in the first quarter of 2014, compared to the same time a year ago

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In a new twist it is Maryland counties that are surprisingly among those offering the

There is a lot of data out there about which market is best and what city or state to investing in real estate in. Here we comprise some lists and let you decide based on the facts. While most would assume that the Sand States would be the prime places for flipping, 6 out of the top 10 markets of USA Today’s list are actually in the northeast region of the US. This in part could be the after effects of Super Storm Sandy at the end of 2012. Notably, the second-most lucrative housing market to flip last year was Ocean City, New Jersey, where several hundred homes were flipped for an average profit of more than $158,000.

According to USA Today here are the top 10 markets that are “flipper friendly”

1. New York-Northern New Jersey-Long Island, N.Y., N.J., Pa.

• Avg. gross profit: $118,376

2. Lake Havasu City-Kingman, Ariz.

• Avg. gross profit: $87,513

3. Oxnard-Thousand Oaks-Ventura, Calif.

• Avg. gross profit: $78,106

4. Washington-Arlington-Alexandria, D.C., Va., Md., W. Va.

• Avg. gross profit: $72,297

5. Omaha-Council Bluffs, Neb.-Iowa

• Avg. gross profit: $71,384

6. Raleigh, N.C.

• Avg. gross profit: $69,253

7. Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.

• Avg. gross profit: $69,212

8. Richmond, Va.

• Avg. gross profit: $65,092
• Avg. days to flip: 109

9. San Jose-Sunnyvale-Santa Clara, Calif.

• Avg. gross profit: $61,758

10. Seattle-Tacoma-Bellevue, Wash.

• Avg. gross profit: $58,930

Maybe you are looking for a broader approach for flipping. A combination of high gross profit and high foreclosure rates are what you are looking for. Here is a list after data was compiled last year, of the best states to invest in real estate according to 24/7 Wall Street.

1. Massachusetts

• 2013 avg. gross profit: $103,384

2. California

•  2013 avg. gross profit: $99,999

3. Maryland

•  2013 avg. gross profit: $98,122

4. New Jersey

• 2013 avg. gross profit: $92,744

5. New York

•  2013 avg. gross profit: $91,970

6. Washington

•  2013 avg. gross profit: $89,525

As mentioned before, there is a lot of info out there. Do yourself a favor and make sure you are looking in the right places. Be sure to educate yourself of the flipping phenomenon to ensure you are making the right decisions for your future. Get the investor mind set and you will be well on your way to having a successful REI business.

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With Money Magazine’s ranking the city #2 on best places to live, you can be sure that there are plenty of families ready to move into your rehabbed house. According to Money, Louisville is a “great place to raise a family, with well-regarded schools and a safe community. … Locals say the work-life balance in Louisville is hard to beat. Come summer, residents can look forward to weekly events featuring food trucks from local restaurants, beer gardens, live music and much more.”

Last year AOL Real Estate listed Louisville as #10 on their “healthiest market” in real estate. An uptick in manufacturing jobs is behind the bright real estate outlook in Louisville. In the first 10 months of 2012, the city saw a 2.7 percent rate of job growth, according to 24/7 Wall St.

Louisville also saw mild losses during the housing crisis: home prices only dropped 4.7 percent from their pre-recession peak, putting the city at a much greater advantage over the rest of the country. New construction, however, remains slow.

Additionally, Louisville and its surrounding county of Jefferson made Forbe’s “Top 40 Places to Invest in 2014″ this month. Our team has flipped many homes in the Louisville area so we can see why it is being listed as one of the lesser known better places to invest in real estate.

Here’s a look at some of the Derby City’s stats:

Pop.: 1,258,577
Average Home Price: $167,128
Equilibrium Home Price: $201,248
Difference: -17%
3-year Growth Forecast: 15%

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Check out the lists below to see which real estate markets were predicted to have a good start in 2013 and which were predicted to be down on their luck in the new year.

Louisville, KY

Healthiest

(No. 1): Houston, TX

(No. 1): Detroit, MI

(No. 2): Fort Lauderdale, FL

(No. 3): Miami, Fla.

(No. 4): West Palm Beach, FL

(No. 5): Cape Coral-Fort Myers, FL

(No. 6): Palm Bay-Melbourne-Titusville, FL

Chicago, IL

(No. 7): Chicago, IL

(No. 8): Orlando, FL

(No. 9): Tampa, FL

(No. 10): Lake County, Ill.-Kenosha County, WI

(No. 11): Jacksonville, FL

(No. 12): Las Vegas, NV

(No. 13): Tucson, AZ

As expected a lot of the “sand states” were predicted not to fair so well in 2013. There were also some curious dark horses on the predicted healthy list. It will be interesting to see what markets were actually the best and worst of 2013 according to Trulia once their Year End Report comes out later this month.

We would love to hear from you! Do you live or invest in any of these markets? How relevant were Trulia’s predictions? Did they get it right on the best and worst markets for 2013?

To learn more about Part-Time REI visit us at http://part-timerei.com/

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