The secret is out about Oakland. The city’s revitalized downtown, burgeoning tech scene, and affordable home prices is luring young professionals from across the country. The people who anticipated this are about to cash in big time.
Through data from Zillow, Business Insider ranked the cities where sellers have realized the largest return on investment on properties bought between seven and nine years ago. People who bought homes in Oakland in 2010 have earned $235,000 on average on their original purchase. The 78 percent gain is the highest rate of return among the nation’s 50 largest cities.
Other cities that are good for sellers include Portland, Ore., San Jose, Denver, and Los Angeles.
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