HomeVestors Names Top 10 Cities for Real Estate Investing for First Quarter of 2008

DALLAS--(BUSINESS WIRE)--HomeVestors® of America, Inc., the company famous for its "We Buy Ugly Houses"® billboards and America’s #1 Home Buyer, has named the top 10 markets for real estate investing in the first quarter of 2008. They are as follows:

“We’re off to another ugly year for residential real estate, creating record-setting demand for a trusted national home buyer”

1. Dallas, Texas

2. Houston, Texas

3. Atlanta, Georgia

4. Fort Worth, Texas

5. St. Louis, Missouri

6. Philadelphia, Pennsylvania

7. San Antonio, Texas

8. Denver, Colorado

9. Minneapolis, Minnesota

10. Phoenix, Arizona

HomeVestors, which has bought more than 34,000 homes in the U.S. over the last 11 years, based the findings on the number of houses bought in each market by the franchise network in the first quarter of 2008.

“We’re off to another ugly year for residential real estate, creating record-setting demand for a trusted national home buyer,” said John Hayes, president and CEO of HomeVestors. “We generated more than 200,000 opportunities for our franchisees to buy houses in 2007 and we expect even more opportunities this year. Despite changes in the market, real estate investing continues to grow. From small towns to big cities, people continue to look to HomeVestors to help them out of ugly real estate situations.”

HomeVestors is the only national franchise that specializes in buying, rehabbing and selling single-family homes across the nation. The company has more than 250 franchises in 35 states.

About HomeVestors® of America, Inc.

Founded in 1989 and franchising since 1996, Dallas-based HomeVestors® of America, Inc., has more than 250 franchises throughout the United States. The first franchise company of its kind, HomeVestors® trains and supports franchisees who specialize in buying homes in need of repair. Most commonly known as the “We Buy Ugly Houses”® franchise, HomeVestors® strives to make a positive impact in each community. More information is available at www.homevestors.com.