Best Cities to Invest in Real Estate

The best cities to invest in real estate selected by Money Journal in 2013 have an over supply of foreclosures and other discount priced homes.

Destin, FL, February 19, 2013 --( The best cities to invest in real estate selected for 2013 are located in some of the hardest hit regions of the U.S. All ten markets are places that have an over supply of foreclosures and some of the best deals in the country to buy a home to make a profit, according to a study by the online financial magazine

The inventory of cheaper homes from the foreclosure crisis is beginning to decline as a result of federal government efforts to reduce the supply and a pick up in the volume of home sales. Seven states markets made the list: Florida, Indiana, New York, Pennsylvania, Texas, Illinois and Ohio. But there are also a series of problems for foreclosure home buyers to deal with, including evictions of former homeowners and tenants, severe damage to homes and other legal obstacles.

However, the chance to score a big profit is leading hundreds of thousands of U.S. home buyers to take the leap into the foreclosure market, buying homes through real estate agents, auctions and from banks and mortgage companies.

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