Good and plentiful jobs make good markets better for real estate investors. You’ll get little disagreement on that, as it stands to reason that where there are more jobs (and workers to fill them), you need more housing. The fallout from the recession and concurrent housing crisis means more and more of those workers are renters, as they look to rebuild their credit. And workers bringing home a regular paycheck generally can be counted on to pay the rent – on time! – and take care of the property.
Plus, where there’s a sustained need for housing, prices will appreciate more and faster.