Providence Given Thumbs Down for Housing Investors
Providence has been named one of the most dangerous markets for real estate investors. HomeVestors of America along with Local Market Monitor has ranked 38 markets as "dangerous" for those looking to buy homes as rental properties. Providence ranks number-26 and is the largest city on the list.
HomeVestors President Ingo Winzer says cities with a “dangerous” rating have a combination of high unemployment or weak job growth as well as falling, or weak, home prices.
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