Guidant Financial Group Blog

Forbes came out today with its list of America’s Worst-Selling Housing Markets. The top of the list? Miami, Fla. With a booming real estate market only a few years ago, Miami is the worst hit due to a surplus of inventory, the sub-prime mortgage crisis and stagnant sales. In fact, Florida as a whole is feeling the brunt of the housing crisis with three cities (Miami, Orlando and Tampa) in the top five of those hit hardest.

Also on the Forbes list:
• Phoenix
• Los Angeles
• Washington D.C.
• Chicago
• Baltimore
• San Diego
• Denver

Many self-directed IRA investors, however, have found these areas to be rife with investment opportunity. Some investors have made private loans to those unable to obtain traditional financing, while others have been able to lease homes back to owners with the option to purchase in lease option agreements.