Archives for March 2020

Is Salt Lake City The Hottest Market For Real Estate Investment?

March 31, 2020 by Marco Santarelli

Salt Lake City is the largest city in the state of Utah, though it tends to be overlooked by real estate investors as just another part of “flyover” country. The city is the core of the Salt Lake City metropolitan area, which has a population of roughly 1.2 million. Today, the Salt Lake City is a major tourist spot in the U.S. The city is also the national hub of industrial banking. The Salt Lake City real estate market was ranked one of the toughest real estate markets for Millennials due to limited supply relative to demand.

Salt Lake is a “slightly hot” real estate market at the moment. The economy is strong and the city achieves lowest unemployment rate at 2.1%. Median days on market is 30.5 days, with inventory moving 6 percent faster than last year and 30.5 days faster than the U.S. overall. Home prices in Salt Lake City are expected to rise by record levels in 2020. A strong job market and a robust economy have contributed to the rising housing costs over the past seven years.

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How Is The Melbourne Housing Market For Real Estate Investment?

March 26, 2020 by Marco Santarelli

A list of cities in Florida is dominated by Miami and Orlando. However, Florida is a massive state. And you can find better opportunities on the long stretches of coastline that we rarely think about except as on the highway to the hotter real estate markets. On I-95, we find Melbourne, Florida. Is Melbourne, Florida a good place to invest in real estate?

Let’s learn more about the city before we say whether or not you should invest in the Melbourne FL real estate market. The Melbourne area seems to be a growing spot in Florida. It is home to around eighty thousand people. The Melbourne FL housing is much larger than this, because the city is part of the Melbourne – Palm Bay – Titusville metro area.

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10 Reasons Why Tampa Is The Best Place For Real Estate Investment

March 24, 2020 by Marco Santarelli

Let us discuss why Tampa is so highly ranked for real estate investing. Tampa investment properties are affordable with good annual appreciation potential. If you are looking at Tampa real estate investment, you could find plenty of generic superlatives for it. However, the reality is that there are plenty of hard facts that justify investing in Tampa real estate.

Tampa Bay area has been named one of the nation’s top 10 markets for real estate investment several times in the past. Its unemployment rate is less than 3%, and and it is the fastest growing city in the state of Florida. There are a number of economic and development prospects attached to this market.

Strong demand for rentals, limited opportunity for would-be home buyers, excellent future appreciation of Tampa investment properties and a number of other factors make Tampa a good choice for investing in real estate. Others move here for the cheaper real estate and lower cost of living, 23% below the U.S. average. The population growth fuels demand for housing, and that’s in short supply.

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Impact of Coronavirus Pandemic On The NYC Housing Market

March 22, 2020 by Marco Santarelli

The New York City real estate market was already cooling off before the coronavirus pandemic put everyone in lockdown. As per the latest news, sixty people have died from coronavirus in New York City, as statewide cases jumped to over 10,000 on Saturday. Some 8,115 people had tested positive for the virus in the city as of 6 p.m., helping make New York the global epicenter of the pandemic.

Social distancing is being enforced everywhere. Testing and treatment is being ramped-up. The state officials are taking many measures for noncompliance of curbs on social distancing, especially in the parks of New York City, where many people were seen chilling on Friday.

The governor criticized young people for not heeding the warning to avoid unnecessary contact and danger of viral transmission to others. Till Saturday, coronavirus has sickened 2,484 people in Brooklyn, 2,254 people in Queens, 1,868 in Manhattan, 1,071 in the Bronx and 437 in Staten Island, the mayor’s office said. At least 1,450 people were hospitalized, including 370 people in intensive care units.

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Harrisburg Real Estate Market 2020 Overview

March 19, 2020 by Marco Santarelli

Is Harrisburg a good place to invest in real estate? Before we answer this question, let’s learn more about the city of Harrisburg. Then we’ll address factors like its job market, the housing market, and quality of life that allow us to determine if it is a good choice for real estate investors. We’ll compare it to other large cities in Pennsylvania as well as the national housing market.

Harrisburg is the capital of Pennsylvania. Unfortunately, it is often overshadowed by Philadelphia. Harrisburg is home to around fifty thousand people. Yet the Harrisburg PA real estate market is much larger than this. Harrisburg is the center of the Susquehanna Valley metro area, home to more than half a million people. That makes it the fourth largest metro area in the state.

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