Archives for February 2019

How Is The El Paso Housing Market For Real Estate Investment?

February 25, 2019 by Marco Santarelli

El Paso Real Estate Market Insight

If you are looking at buying a house in El Paso as a potential investment opportunity, you must read till the end. El Paso, Texas is the westernmost city in the state. The city itself is home to nearly 700,000 people, while the metropolitan area is home to approximately 900,000. Its economy is closely tied to Ciudad Juarez just across the Rio Grande in Mexico. The city isn’t getting as much attention as “hot” markets like Dallas or Austin, but is a strong, growing market in its own right. Let’s discuss top ten reasons to invest in the El Paso real estate market. But, before that, we shall take a look at some of the real estate market data and trends in El Paso, Texas.

El Paso real estate market was ranked at 4th in Trulia's hottest real estate markets to watch in 2018. El Paso’s strong job growth, affordability, low vacancy rates and high population of young household were pivotal in the ranking process. El Paso is a great place to live for those who like the outdoors. The metro area's proximity to the Rio Grande provides opportunities to whitewater raft, canoe and fish, while Franklin Mountains State Park and Hueco Tanks State Park are great hiking and rock climbing spots. El Paso boasts one of the lowest crime rates in the United States. The city's stable economy is aided by its diversified business base and strong military presence.

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How Is The Chattanooga Housing Market For Real Estate Investment?

February 24, 2019 by Marco Santarelli

Chattanooga Real Estate Market Outlook

Chattanooga is the fourth largest city in Tennessee. It is located in southeastern Tennessee, close to Knoxville and just across the river from Georgia. Chattanooga proper is home to nearly 200,000 people. However, the Chattanooga housing market includes its suburbs, meaning the Chattanooga real estate market actually includes around half a million people. According to realtor.com’s 2019 housing market forecast, Chattanooga comes in fourth position with balance high sales (5.2 percent) and price (4.3 percent) growth. Employment (1.2 percent) and income (3.3 percent) growth expected for 2019 are both slightly under the national average.

However, the Chattanooga economy is growing at about 6 percent a year and is expected to have one of the lowest median price levels for homes of the top 10. The real estate market in Chattanooga is getting the attention of other cities as well. Homes are selling so fast that some stay on the market only a few hours. The booming economy has made it more difficult for Hamilton county residents to find a home. This shows that the Chattanooga market will remain competitive for both buyers and investors in 2019. Let’s discuss top 10 reasons to invest in the Chattanooga housing market. But before that we shall take a look at some of the market data and trends in this area.

Chattanooga Real Estate Market — Original Photo via Pixabay

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How Is The Durham Housing Market For Real Estate Investment?

February 18, 2019 by Marco Santarelli

Durham Real Estate Market Outlook

The North Carolina real estate market is a great choice for real estate investors. Durham, NC is home to roughly a quarter million people. However, Durham is the heart of the Durham-Chapel Hill area, home to about half a million. It is also square in the middle of the Raleigh-Durham-Chapel Hill metro area; that’s home to just over two million people and includes the state capitol. It also presents an excellent opportunity for real estate investors. Job opportunities and moderate house pricing have contributed to the excellent growth of the Durham real estate market.

The Durham housing market has made considerable improvements since the housing bubble burst. Only two years after the market crash in 2008, Durham was considered as one of the few favorable locations to invest in the real estate. With a strong population growth and a solid economy, the rental demand in Durham, North Carolina is continuously increasing. Durham real estate typically performed stronger than the U.S. average due to the popularity of the Triangle area among new and out-of-state residents, as well as investors. Real estate investors have a particular interest in the Durham and Raleigh areas which both have an increasingly educated and growing population, as well as a diverse economy employing its base.

Durham Real Estate Market — Original Photo via Pixabay

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How Is The Louisville Housing Market For Real Estate Investment In 2019?

February 14, 2019 by Marco Santarelli

Introduction To Louisville Real Estate Market

Louisville is the largest city in Kentucky, and it is roughly 30th in the U.S. The city itself contains six hundred to seven hundred thousand residents. However, that’s not the entire Louisville real estate market. The wider Louisville metropolitan area is home to around 1.3 million people. Because Louisville is just south of the Indiana border, this means part of the Louisville housing market extends into Indiana. The bigger question for investors is why they’d want to invest in the area.

Forget hot markets like Miami, New York City and the California coast and look at “flyover country” for some of the best real estate markets for investors. The best choices are those markets with steady growth, long term potential and affordable properties. These are among the ten reasons to invest in the Louisville real estate market. But let’s discuss the fundamental demographics behind the Louisville housing market.