About Marco Santarelli

Investing in Denver real estate can be a worthy investment due to a steady rate of appreciation. In fact, it has a track record of being one of the best long term real estate investments in the nation. The average real estate appreciation rate in Denver has been roughly over 7% for the last ten years. Low inventory, low interest rates, a strong job market, and a steady economy is fueling the demand in the Denver real estate market.

Despite the big gains in housing stock, the Denver-area home prices are holding steady year-over-year. 2020 has begun very much still in favor of sellers for the Denver housing Market. In 2020, the home prices are expected to rise by 3 to 4 percent, which means it is likely to be another year of affordability crisis for buyers.

Currently, there is less than a month’s supply of residential single family homes (attached plus detached) in Denver, in the price range of $300,000 to $499,999. Anything under four months means sellers have the power in negotiations. This shows that the supply is so tight in Denver, that buyers would need a large influx of inventory to meet their demand in the coming months. [Read more…]

Orlando has once again proved to be one of the best places to invest in real estate in Florida. Owing to its picturesque beaches, rapidly improving quality of life, booming population and economy, Orlando is proving to be a secure real estate investment destination for not only local but also international investors.

We’ll be discussing the latest Orlando real estate market trends & statistics to find out how they can affect the investors and homebuyers in 2020. Orlando home prices are expected to rise by around 5% in 2020. With a median home price of $250,000, the Orlando housing market is expanding at a great pace and people from all over the country and even beyond are either choosing to move permanently or invest here.

Compared to other cities with competitive real estate markets, investing in the Orlando real estate makes more sense since it has experienced a 6.38% increase in the median home price since February 2019. Not to mention, the Orlando region is booming in terms of both population and jobs.

[Read more…]

Buying a property in Chicago is still considered as a good real estate investment. We’ll be discussing the latest Chicago housing market trends to find out how they can affect the investors and homebuyers in 2020. Chicago metropolitan area or Chicagoland, is an area that includes the city of Chicago and its suburbs.

Although the most expensive home in the Chicago housing market in 2020 is a $45 million single family home, located in the North Side neighborhood, there are many properties available around the median price of $247,000.

In 2018, the Chicago real estate appreciation rate was running at about half the national rate; at 3 percent range when the nation was at 6 percent. After cooling off, Chicago became the weakest housing market of 2019. The home prices grew by mere 1.5 percent, lagging behind the nation. The market is now expected to heat up in the coming months. [Read more…]

We will discuss the latest Pittsburgh housing market trends and find out how they can affect the investors and homebuyers in 2020. Pittsburgh sits where the Allegheny and Monongahela rivers meet and form the Ohio River. That location gave it access to the ocean and the interior, while nearby iron deposits fueled its growth.

Pittsburgh, Pennsylvania is home to around 300,000 people. However, the Pittsburgh real estate market is much larger than this. The entire metro area is home to over two million people. Pittsburgh ranked at the top of the Nationwide’s 2015 Health of Housing Market Report.

It is home to approximately 90 diverse and eclectic neighborhoods and many of them offer the convenient access to downtown and urban amenities. The overall stability of Pittsburgh’s economic outlook has contributed significantly to the gains seen in the real estate market.

[Read more…]

If you are looking to invest in the Raleigh real estate, you must read till the end. Raleigh, North Carolina is a southeastern city often overshadowed by the larger Charlotte market. Raleigh is the capital of North Carolina. It is the second largest city in the state.

It is home to roughly half a million people. However, the Raleigh real estate market is much larger than this. The Raleigh metropolitan area – the city and its surrounding suburbs – account for about one and a half million people. The Raleigh housing market is landlord friendly, contains several large populations of renters, and an economic future that ensures long-term growth in housing demand and rents.

[Read more…]