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A new year gives us a good reason to reflect on the passage of time, look critically at our lives and take note of our successes and failures, and set personal and professional goals. For real estate investors, it’s a time to begin placing new bets.
A recent Forbes article highlighted the best markets for real estate investors in 2019. Here’s what you need to know.
Secondary Cities Lead the Pack
Real estate investment is about getting in at the bottom of the wave, not the crest. Buying in a fully matured real estate market is a good recipe for ending up “holding the bag.”
That’s why smart money isn’t flowing into cities like San Francisco, Seattle, Denver and Miami, where real estate prices are already sky high, but into affordable “secondary cities” like Cincinnati, Memphis, and Indianapolis, where you can find big-city amenities without big-city prices.
The top 20 best markets for real estate investors all have the following three things in common:
1. Strong Local Economy
Job growth was above the average 2018 national rate of 1.5%.
2. Housing Demand
Home prices increased between 5 and 10% in 2018 — not too much, and not too little.
3. Priced Relative to Incomes
Home prices are sustainable when compared incomes, meaning demand and supply are generally in balance. Though some markets on the list are approaching overpriced territory (Orlando, Portland, San Diego), they still have some room to run.
The 20 Best Markets for Real Estate Investors in 2019
To check out the complete list of cities and learn more about the formula used to rank them, read the full article here: The Best Markets For Real Estate Investments In 2019
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Punctual Abstract is a national title abstracting company located in Harvey, LA. Whether you need an abstractor for a certain county or region, or you’re looking for a national provider, Punctual Abstract is here to help.
We have extensive experience performing commercial and residential abstracts of all kinds and perform complete title searches plus attorney opinion package-deals all with the same average turn-time of 24-48 hours!
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