San Antonio named one of America’s top markets for residential investing

San Antonio Business Journal

HomeVestors of America Inc., the company known for its “We Buy Ugly Houses” billboards, on Tuesday released its list of the Top 10 Cities for Real Estate Investing for the second quarter of 2008.

San Antonio ranked the sixth top residential market where Dallas-based HomeVestors has franchise operations. The top market is Dallas, followed by Houston, Atlanta, Denver and Fort Worth.

Following San Antonio in the No. 6 slot, Charlotte, N.C.; St. Louis; Milwaukee; and Chicago and Kansas City, Kan.; rounded out the bottom 10. (Chicago and Kansas City both tied for 10th place).

Markets were ranked based on the volume of homes bought and sold. The company did not release actual dollar figures for each market.

HomeVestors specializes in buying, rehabilitating and selling single-family homes across the nation. The company has more than 230 franchises in 35 states.

“This has been a rather ugly year for residential real estate, creating record-setting demand for a trusted national home buyer,” says John Hayes, president and CEO of HomeVestors. “Despite changes in the market, real estate investing continues to grow.”