If investors want to buy, hold and rent out a home, they should look no further than Hartford, according to a national report by CNBC’s Realty Check.
Based on the five metrics of price-income ratio, price-rent ratio, price declines, foreclosure rates and foreclosure resales, Hartford is the best market in the nation. The report also includes Poughkeepsie, N.Y. and Pittsburgh in that category.
“Markets like Hartford and Pittsburgh are on that list because they’re about on par now so they’ve returned back down to their levels of affordability before the housing run-up,” said Stan Humphries, chief economist for  national real estate consultant Zillow, in the report. In Hartford “about 10 percent of monthly transactions are foreclosure resales.”
According to the report, the worst markets to invest in are Atlantic City, Philadelphia and Baltimore.
