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21 Best Cities to Invest in Real Estate in 2023

March 20, 2023 by Marco Santarelli

Best Places To Invest In Real Estate or Buy a Rental Property

Best Places To Invest In Real Estate

In this article, we will discuss some of the best places to invest in real estate in 2023. Despite the fluctuations in the housing market in recent years, real estate investment continues to be an attractive asset class for investors. With the potential to earn recurrent income from rentals, real estate can be a lucrative investment opportunity. Although the current scenario of high-interest rates may give some investors pause, the right investment in the right market can still yield significant returns.

Investing in real estate can still be considered a viable option despite the current scenario of high-interest rates in 2023. Real estate remains an attractive asset class for investors due to the opportunity to earn recurrent income from rentals. Record-low mortgage rates and a scarcity of available inventory kept the US housing market strong in terms of buyer demand in the past two years. Although mortgage rates have risen, the strong housing demand is still driving prices up, albeit slowly.

The US housing market continues to be a somewhat moderate seller's real estate market, with annual price growth slowing down and inventory rising. Potential homebuyers may still face a bidding war if they are looking for a new house in the spring-buying season of 2023. As a real estate investor, it is important to crunch the numbers and determine the best cities to invest in.

During the pandemic, prospective homebuyers around the United States paid top dollar for homes, with remote employees and their desire for more lavish homes fueling the market. However, with the lack of homes for sale, many potential buyers may be unable to find affordable entry-level housing, predisposing them to transition into single-family rentals. Rental demand is expected to continue to increase in 2023 as a result.

The single-family rental market in the US remained robust as renters flocked to the suburbs in Q3 2022, according to Arbor's Q3 2022 Single-Family Rental Investment Trends Report. SFR is seen as a viable alternative for potential homebuyers who are priced out of home ownership. The report showed that SFR rent growth slowed but remained elevated, while build-to-rent (BTR) construction starts reached a new record high of 69,000 over the past year. Additionally, cap rates remained unchanged at 5.3% despite rising interest rates.

This presents a great opportunity for real estate investors looking to purchase single-family rental properties. This asset class is best positioned to grow in the coming years. The interest of investors in single-family rental homes has risen to a great extent during this pandemic. Large investors are gravitating toward it.

However, it is important to conduct thorough research and choose the best places to invest in real estate in 2023. All real estate is local, so understanding the local factors that can affect your investment is crucial. Single-family rental homes provide an affordable and flexible option to meet the needs of families and individuals in search of quality housing.

As of now, institutional investors account for only 2 percent of the 90-million unit market, according to NHRC. This is meager as compared to the US multifamily sector, where more than 50 percent of ownership is held by institutional investors. Hence, the single-family rental market remains an emerging market for both individual and institutional investors.

In conclusion, despite rising interest rates, investing in real estate can still provide a reliable source of recurrent income. The single-family rental market is particularly promising, as it continues to grow and attract more investors. It's important to do your due diligence when selecting a city to invest in, but with the right research and strategy, real estate can be a great investment opportunity in 2023. Let's take a look at some of the best places to invest in real estate in 2023.

How To Choose the Best Places To Invest In Real Estate In The World?

You may be located anywhere in the world, but the basic principles of the real estate business remain unchanged – you want to choose those places for your investment properties where the return on investment is high. To maximize the returns from your real estate investment you want to buy property in places with the following features:

  • High rental occupancy: Check how much of the available housing stock in an area is vacant;
  • High rentals relative to your mortgage repayments: The more of your mortgage you can cover from rentals, the better; and
  • A low tenant default rate: The last thing you want is to buy property in an area where tenants frequently miss rent payments.

Real estate investing requires in-depth research. Market timing also matters as some cities have exceptional rental income prospects, but a very tight inventory. In that scenario, it becomes very difficult to find and close a deal that fits your investment criteria. Therefore, you need to act fast and wisely.

Don't take any uninformed decision without evaluating the fundamentals of the real estate market you intend to purchase in – is it growing, stable, or declining? Are you planning for short-term capital gains or long-term buy and hold? To make it easy for you, we recommend contacting an investment counselor who can help you to invest in some of the best real estate markets in the United States.

Here Are the 21 Best Places to Invest in Real Estate in 2023

If you're considering a real estate investment in the coming year, there are a few markets worth investigating further due to anticipated price increases. We looked at data and examined trends from across the US to bring you this list of the 21 best places to invest in real estate in 2023. Here are the best places to invest in real estate and buy rental properties. They all have their own set of qualities and disadvantages, but many of them are less expensive than the national average.

1. Boise, Idaho

Boise, the capital city of Idaho, is becoming a popular destination for real estate investors for several reasons. Boise's strong job market, affordable housing, growing population, stable real estate market, and low property taxes make it an attractive destination for real estate investors. Whether you are looking to purchase a rental property or invest in real estate for capital appreciation, Boise offers a great opportunity for investors.

Here are the top reasons why Boise is considered one of the best places to invest in real estate:

Real Estate Appreciation:  The real estate market in Boise, Idaho has shown strong growth over the past 10 years, with a home appreciation rate of 217.86% and an average annual rate of 12.26%, putting it in the top 10% nationally for real estate appreciation, according to NeighborhoodScout's data. Despite a lower appreciation rate of 7.62% over the last year, Boise's latest quarter showed a 3.87% appreciation rate, equivalent to an annual rate of 16.41%. However, this rate is lower compared to 80% of the other cities and towns in Idaho. It is important to note that while these are average rates for the city, individual neighborhoods within Boise can vary greatly in their investment potential.

Strong job market: Boise has a thriving economy, driven by a strong job market in industries such as technology, healthcare, and education. This growing job market attracts new residents, which drives demand for housing and increases property values.

Affordable housing: Compared to other major cities in the US, Boise offers more affordable housing options, making it an attractive option for first-time homebuyers and investors. This, in turn, can lead to steady rental income for investors and the potential for capital appreciation over time.

Growing population: Boise is experiencing steady population growth, as people are attracted to the city's high quality of life, outdoor recreational opportunities, and affordable cost of living. This growing population drives demand for housing, which can lead to increased property values.

Stable real estate market: Boise has a stable real estate market with a low rate of foreclosures and a consistent rate of home price appreciation. This makes it an attractive option for investors who are seeking stability and predictability in their investments.

Boise, ID Real Estate Trends: The median listing home price in Boise, ID was $528.9K in December 2022, trending down -2.9% year-over-year. The median listing home price per square foot was $292. Boise, ID was a seller's market in December 2022, which means that there are more people looking to buy than there are homes available.

The market had a total sales-to-total listings ratio above 0.2, which tends to favor sellers. On average, homes in Boise, ID sell after 62 days on the market. The trend for median days on market in Boise, ID has gone up since last month, and slightly up since last year. These housing market trends in Boise are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

    2. Houston, Texas

    Houston is one of the all-time best places to invest in real estate. This city is the home of the US oil and gas industry and offers perennial employment opportunities. Greater Houston is Texas' fifth-largest metro region, with over 7.2 million residents, and its population continues to expand at a rate nearly double that of the rest of the country. Forty-one Fortune 1000 companies are headquartered in the Houston region. Houston ranks fourth in the nation on this measure, behind Greater New York, Chicago, and Dallas-Ft. Worth. These strong macroeconomic factors continue to power the Houston housing market.

    Houston, Texas has several factors that make it a strong market for real estate investment. Some of the reasons include:

    • Strong job market: Houston has a diverse and robust economy, with a strong energy sector, medical center, and aerospace industry, among others, which drives job growth and attracts new residents.
    • Affordable housing: Compared to other major cities, Houston has relatively affordable housing, which can provide investment opportunities for both rental properties and flips.
    • Growing population: Houston is one of the fastest-growing cities in the U.S., with a growing population and an increasing demand for housing.
    • Tax benefits: Texas has no state income tax, making it a more attractive location for both residents and businesses, and potentially increasing the demand for housing.
    • Robust real estate market: Houston has a strong real estate market with a steady history of appreciation, providing opportunities for long-term growth and stability for investors.

    Houston Real Estate Trends: The median listing home price in Houston, TX was $340K in December 2022, trending up 3.1% year-over-year. The median listing home price per square foot was $174. Houston, TX was a balanced market in December 2022, which means that the supply and demand of homes are about the same.

    The market had a total sales-to-total listings ratio between 0.12 and 0.2. On average, homes in Houston, TX sell after 59 days on the market. The trend for median days on market in Houston, TX has gone up since last month, and slightly up since last year. These housing market trends in Houston are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

    3. Dallas, Texas

    Dallas is another good place to invest in real estate in 2023.  Dallas, Texas is one of the most rapidly growing cities in the United States, and for good reason. It has a thriving economy, a growing population, and a diverse real estate market that offers opportunities for both residential and commercial investments.

    Dallas is a great place to invest in real estate due to its strong job market, affordable housing, growing population, diverse real estate market, positive real estate trend, and pro-business environment. Whether you're looking to invest in residential or commercial properties, Dallas has something to offer everyone.

    Here are some of the top reasons why Dallas is one of the best places to invest in real estate:

    • Affordable Housing: Dallas is known for its affordable housing compared to other major cities in the United States. This has made it an attractive destination for homebuyers, leading to increased demand for housing and, as a result, higher home values.
    • Strong Job Market: Dallas has a strong and diversified economy, which is reflected in its low unemployment rate and high job growth. Major industries in the city include technology, finance, and healthcare, which all contribute to a steady influx of new residents and businesses.
    • Growing Population: The population of Dallas is rapidly growing, with an estimated increase of 1.5 million people over the next 10 years. This population growth, coupled with the strong job market, will likely result in an increased demand for both residential and commercial real estate.
    • Diverse Real Estate Market: Dallas offers a diverse real estate market, with opportunities for investment in both residential and commercial properties. The city has a large inventory of single-family homes, townhouses, and apartments, as well as office buildings, shopping centers, and industrial properties. The Dallas real estate market offers a wide range of investment properties; you just have to find your tenants to rent out the property. Hiring a local property management company can help in finding tenants for your rental property in Dallas.
    • Positive Real Estate Trend: The real estate market in Dallas has been consistently positive, with a steady increase in home values and rental rates over the past few years. This trend is expected to continue, making it a great time to invest in the Dallas real estate market.
    • Pro-Business Environment: Dallas has a pro-business environment, which has led to the growth of many major corporations in the city. This, in turn, has resulted in increased demand for both residential and commercial real estate, as businesses and employees look for places to live and work.

    Dallas Real Estate Trends: The median listing home price in Dallas TX was $424.9K in January 2023, trending up 7.6% year-over-year. The median listing home price per square foot was $237. Dallas, TX was a balanced market in January 2023, which means that the supply and demand of homes are about the same.

    The market had a total sales-to-total listings ratio between 0.12 and 0.2. On average, homes in Dallas, TX sell after 62 days on the market. The trend for median days on market in Dallas, TX has gone up since last month, and slightly up since last year. These housing market trends in Dallas are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

    4. Las Vegas, Nevada

    How can we miss Las Vegas on our list of best places to invest in real estate? Las Vegas has experienced several booms in its history. And it saw an incredible real estate bust during the Great Recession. Las Vegas’ recovery hasn’t made the same headlines as the 50% or greater declines in home values did a decade ago. Yet its recovery shouldn’t keep investors away.  Throughout the pandemic, the Las Vegas housing market was among the hottest in the United States.

    Las Vegas is a city that is known for its vibrant entertainment scene, luxury casinos, and world-class dining experiences. However, it's not just a great place to visit, but also a prime location to invest in real estate. Las Vegas is an excellent location for real estate investment, with a strong job market, high rental demand, affordable housing, a growing population, investment in infrastructure, a thriving tourist industry, and favorable tax benefits. If you are considering investing in real estate, Las Vegas is a prime location to consider.

    Here are the top reasons why Las Vegas is one of the best places to invest in real estate:

    • High Rental Demand: With the city's strong job market and population growth, there is a high demand for rental properties. This, in turn, leads to stable rental income and a steady appreciation of property values.
    • Affordable Housing: Compared to other major cities in the United States, Las Vegas offers affordable housing options. Real estate prices are lower, and the cost of living is relatively low. This makes it an attractive destination for those looking to invest in real estate on a budget.
    • Growing Population: Las Vegas is one of the fastest-growing cities in the United States. With a growing population, there is a high demand for housing, which drives up real estate values and provides a stable investment opportunity.
    • Strong Job Market: Las Vegas has a robust job market, with a variety of industries contributing to its growth, including tourism, gaming, construction, and technology. As a result, the city has a strong economy and a low unemployment rate, which is beneficial for real estate investors.  Las Vegas is the most populated city in the state of Nevada and the 28th most populated city in the United States. The Las Vegas Valley as a whole serves as the leading financial, commercial, and cultural center for Nevada. A diversified economy is driven by health-related, high-tech, and other commercial interests.
    • Investment in Infrastructure: Construction is also a significant component of the economy. The city is making a significant investment in its infrastructure, with new transportation projects, business parks, and residential developments underway. This investment in infrastructure is attracting new businesses, tourists, and residents to the area, which will only benefit real estate investors in the long run.
    • Tourist Destination: Las Vegas is one of the most popular tourist destinations in the world, attracting millions of visitors each year. The city's thriving tourism industry is a significant contributor to its economy and provides real estate investors with a reliable source of rental income.
    • Tax Benefits: Nevada is one of the few states in the United States that does not have a state income tax, making it an attractive location for real estate investors. Additionally, Nevada has favorable property tax rates, making it an attractive location to own real estate.

    Las Vegas Real Estate Trends: The median listing home price in Las Vegas was $425K in January 2023, trending up 6.3% year-over-year. The median listing home price per square foot was $245. There are 52 neighborhoods in Las Vegas. The Paseos has a median listing home price of $889.9K, making it the most expensive neighborhood.

    Pioneer Park is the most affordable neighborhood, with a median listing home price of $290.5K. These housing market trends in Dallas are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

    5. Atlanta, Georgia

    Atlanta, Georgia is a city that has experienced remarkable growth in recent years and is now considered one of the best places to invest in real estate. From its booming economy to its diverse culture, there are numerous reasons why you should consider investing in Atlanta real estate. Atlanta is Georgia’s capital and economic center. It is considered one of the 10 most productive states that contribute to the USA’s GDP annually.

    Atlanta is a city that offers a lot of potential for real estate investors. From its strong economy to its growing population, there are plenty of reasons why you should consider investing in this city. With its low cost of living, diverse culture, and good returns on investment, Atlanta is one of the best places to invest in real estate in the United States.

    Here are the top reasons why you should consider investing in this city.

    • Low Cost of Living: Compared to other major cities, Atlanta has a relatively low cost of living. This makes it an attractive location for both renters and investors. The city also has a large population of young professionals, which means that there is a high demand for affordable housing options.
    • Growing Population: Atlanta has a growing population, with a high number of young professionals and families moving to the city. This growing population is driving demand for housing, making it a great time to invest in the real estate market.
    • Diverse Culture: Atlanta is known for its diverse culture and vibrant atmosphere. The city is home to a large number of cultural events, festivals, and attractions, making it a great place to live and invest.
    • Thriving Economy: Atlanta has a strong and diverse economy that continues to grow. The city is home to several Fortune 500 companies and is also a hub for technology, finance, and healthcare industries. This means that there are plenty of job opportunities and high demand for housing in the area.
    • Strong Real Estate Market: Atlanta has a strong real estate market, with a high demand for housing and a growing population. This means that there are plenty of opportunities for real estate investors to make a profit. The city is also home to a number of affordable housing options, making it accessible to a variety of investors.
    • Good Returns on Investment: Atlanta has a strong track record for providing good returns on investment for real estate investors. The city's growing population and strong economy make it a safe and profitable location for real estate investments.
    • Accessibility: Atlanta is located in the heart of the southeast and is easily accessible by air, road, and rail. This makes it a great location for those who travel frequently or want to live in a city that is well-connected.

    Atlanta Real Estate Trends: The median listing home price in Atlanta GA was $399.9K in January 2023, flat year-over-year. The median listing home price per square foot was $255. Atlanta was a balanced market in January 2023, which means that the supply and demand of homes are about the same.

    The market had a total sales-to-total listings ratio between 0.12 and 0.2. On average, homes in Atlanta, GA sell after 73 days on the market. The trend for median days on market in Atlanta, GA has gone up since last month, and slightly up since last year. These housing market trends in Atlanta are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

    6. Orlando, Florida

    Orlando, FL is a tourism and entertainment favorite, because of this, it remains a strong real estate investment destination. Investors have a choice of targeting the long-term residential or holiday markets with their properties. Both offer strong returns. Orlando, Florida is a highly sought-after destination for both tourists and real estate investors. With its warm weather, a bustling economy, and world-renowned attractions, Orlando offers a number of compelling reasons to invest in its real estate market.

    Orlando's strong tourism industry, growing job market, affordable cost of living, thriving business community, and a growing population all make it one of the best places to invest in real estate. With a wide range of investment opportunities available, from rental properties to commercial real estate, Orlando is a market that real estate investors can't afford to ignore.

    Here are some of the top reasons why Orlando is one of the best places to invest in real estate:

    • Growing Job Market: Orlando's job market is one of the fastest-growing in the country, with a number of high-tech industries, such as aerospace and simulation, leading the way. This growing job market is attracting a highly educated and skilled workforce, which is driving demand for both residential and commercial properties in the area.
    • Affordable Cost of Living: Compared to other major cities in the US, Orlando offers a relatively low cost of living, making it an attractive destination for families and retirees alike. This affordable cost of living, combined with a strong job market and growing economy, makes Orlando an ideal location for real estate investment.
    • Thriving Business Community: Orlando's business community is thriving, with a number of high-tech, aerospace, and simulation companies making their home in the area. This strong business community, along with a growing job market and affordable cost of living, is driving demand for both residential and commercial properties, making Orlando a great location for real estate investment.
    • Strong Tourism Industry: Orlando is home to some of the world's most famous theme parks, including Disney World, Universal Studios, and SeaWorld. This strong tourism industry attracts millions of visitors each year, which in turn drives demand for both short-term and long-term rental properties. This means that real estate investors can expect consistent demand for their properties, making Orlando an ideal location for rental investments.
    • Growing Population: Orlando's population is growing rapidly, making it one of the fastest-growing cities in the US. This growing population, combined with a strong job market, a thriving business community, and an affordable cost of living, is driving demand for both residential and commercial properties in the area, making it an ideal location for real estate investment.

    Orlando Real Estate Trends: The median listing home price in Orlando FL was $362K in January 2023, trending up 9.7% year-over-year. The median listing home price per square foot was $226. The median home sold price was $350K. Orlando was a balanced market in January 2023, which means that the supply and demand of homes are about the same.

    The market had a total sales-to-total listings ratio between 0.12 and 0.2. On average, homes in Orlando, FL sell after 72 days on the market. The trend for median days on market in Orlando, FL has gone up since last month, and slightly up since last year. These housing market trends in Orlando are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

    7. Tampa, Florida

    Tampa, FL is also on the list of best places to invest in real estate. With a population of more than 4 million, Tampa, FL is not only an attractive metropolitan area but is also one of the most frequently visited tourist destinations. Tampa, Florida is a thriving city that has been experiencing steady growth in terms of both population and economic development.

    It is one of the best places to invest in real estate, due to its growing population, strong economy, affordable cost of living, thriving tourism industry, access to the beach, investment opportunities, and favorable climate. With so many factors working in its favor, it's no wonder that Tampa is a popular destination for real estate investors.

    Here are the top reasons why Tampa is one of the best places to invest in real estate.

    • Strong Economy: The Tampa Bay area has a robust economy, driven by industries such as technology, healthcare, and finance. This strong economy is attracting new businesses and creating jobs, which is increasing the demand for housing in the area.
    • Affordable Cost of Living: Compared to other cities in the U.S., Tampa has a relatively low cost of living. This makes it an attractive destination for people who are looking to relocate or invest in real estate. As a result, property values in Tampa have been steadily increasing.
    • Thriving Tourism Industry: Tampa is home to several popular tourist destinations, including Busch Gardens and the Florida Aquarium. This thriving tourism industry drives demand for rental properties, making it a great place for real estate investment.
    • Growing Population: Tampa has a rapidly growing population, which is increasing the demand for housing in the area. As more people move to the city, the need for rental properties and new homes is growing, making Tampa a great place for real estate investment.
    • Access to the Beach: Tampa is located on the Gulf of Mexico, and is within driving distance to several beautiful beaches, including Clearwater Beach and St. Pete Beach. This access to the beach is a major draw for both residents and tourists, making it an attractive place to invest in real estate.
    • Investment Opportunities: Tampa has several investment opportunities in both residential and commercial real estate. There are many properties available for purchase, including single-family homes, townhouses, and apartments. Additionally, there are also investment opportunities in commercial real estate, such as retail, office, and industrial properties.
    • Favorable Climate: Tampa has a subtropical climate that is warm and sunny year-round. This favorable climate attracts both residents and tourists, making it a great place for real estate investment.

    Tampa Real Estate Trends: The median listing home price in Tampa FL was $395K in January 2023, trending up 8.2% year-over-year. The median listing home price per square foot was $252. The median home sold price was $380K. Tampa was a balanced market in January 2023, which means that the supply and demand of homes are about the same.

    The market had a total sales-to-total listings ratio between 0.12 and 0.2. On average, homes in Tampa, FL sell after 70 days on the market. The trend for median days on market in Tampa, FL has gone up since last month, and slightly up since last year. These housing market trends in Tampa are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

    8. Spokane, Washington

    There are several reasons why Spokane, WA is considered one of the best places to invest in real estate. These include its affordable Spokane housing market, strong rental demand, growing economy, and abundant outdoor recreational opportunities. Additionally, the city has a thriving arts and culture scene, a variety of educational institutions, and a low cost of living, all of which make it an attractive destination for both residents and investors alike.

    Here are the top reasons why Spokane is one of the best places to invest in real estate.

    1. Strong Housing Market: Spokane's real estate market is currently experiencing a strong seller's market, with increasing home values and low inventory.
    2. Affordable Housing: Spokane has a lower cost of living compared to other major cities in the Pacific Northwest, making it an affordable place to invest in real estate.
    3. Growing Economy: Spokane has a growing economy with job opportunities in healthcare, education, and manufacturing. This translates to a steady demand for housing.
    4. Population Growth: Spokane's population has been steadily increasing over the years, making it an attractive location for real estate investments. The 2020 Census showed that Spokane city's population was 222,647, a 7.5% increase from 2010.
    5. Pro-Business Environment: Spokane is known for its pro-business environment, with various incentives and tax breaks that encourage businesses to set up shop in the city. This creates more job opportunities and attracts more residents to the area.
    6. Outdoor Recreation: Spokane is known for its outdoor recreation, with numerous parks, hiking trails, and water activities. This makes it a desirable place to live, work, and invest in real estate.

    Spokane Real Estate Trends: The median listing home price in Spokane WA was $400K in January 2023, trending flat year-over-year. The median listing home price per square foot was $201. The median home sold price was $340K. Spokane was a balanced market in January 2023, which means that the supply and demand of homes are about the same.

    The market had a total sales-to-total listings ratio between 0.12 and 0.2. On average, homes in Spokane sell after 69 days on the market. The trend for median days on market in Spokane has gone up since last month, and slightly up since last year. These housing market trends in Spokane are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

    9. Chicago, Illinois

    Chicago is also on our list of the best places to invest in real estate. Chicago is the third-largest metropolitan area in the U.S., with almost three million in Chicago and another ten million in the surrounding metro area. Chicago has a large population, a diverse economy, and a stable market. Chicago's strong rental market, thriving downtown, presence of well-developed infrastructure, blue-collar areas with high rents, large population, investment opportunities in revitalizing neighborhoods, affordable housing, investment in public transportation, and thriving start-up culture make it an attractive destination for real estate investors. 

    Here are the top reasons why Chicago is one of the best places to invest in real estate.

    • Strong rental market: Over 50% of the population rents, making it a great place for real estate investors.
    • Thriving downtown: Chicago is a financial hub and a thriving, modern city, with much to offer in terms of diverse amenities, culture, and a strong economy.
    • Blue-collar areas with high rents: Chicago has solid blue-collar areas with high rents, which can provide great returns on investment for real estate investors.
    • Large population: Despite a recent population decline, Chicago is still a city of almost 2.7 million people, making it a significant market for real estate investment.
    • Presence of well-developed infrastructure: Chicago has well-developed infrastructure and socioeconomic metrics that favor long-term real estate investing.
    • Investment Opportunities in Revitalizing Neighborhoods: Chicago has many neighborhoods that have undergone a revitalization in recent years, making them more attractive to potential renters and real estate investors. Investing in these areas can provide significant returns, especially when done early in the development process.
    • Affordable Housing: Chicago has a relatively affordable housing market compared to other major metropolitan areas, making it an attractive option for investors looking to provide quality housing at reasonable prices.
    • Investment in Public Transportation: Chicago's public transportation system, including the L train, provides excellent connectivity to the city's neighborhoods, and with ongoing investments, it is likely to attract more renters and real estate investors in the future.
    • Thriving Start-Up Culture: Chicago has become a hub for start-ups, and this trend is expected to continue. This growth can drive up the demand for housing, providing more opportunities for real estate investors.

    Chicago Real Estate Trends: The median listing home price in Chicago was $330K in January 2023, trending flat year-over-year. The median listing home price per square foot was $232. The median home sold price was $295K. Chicago was a buyer's market in January 2023, which means that the supply of homes is greater than the demand for homes.

    The market had a total sales-to-total listings ratio below 0.12 which favors buyers. On average, homes in Chicago sell after 73 days on the market. The trend for median days on market in Chicago has gone up since last month, and slightly down since last year. These housing market trends in Chicago are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

    10. Austin, Texas

    Austin, TX is also on our list of best places to invest in real estate. The Austin real estate market isn’t as big as Dallas, San Antonio, or Houston. Austin is only the fourth largest city in the state. However, the Austin housing market is sizable – it is the eleventh largest city in the U.S. as of this writing, and it is the center of a large metro area. Austin has come up as another tech hub in the last 5 to 6 years.

    There are tons of high-paying tech jobs that moved to Austin in the last couple of years. As Austin is a young city by many standards, Millennials will be the largest buying force in Austin in 2023, and this trend should continue in the coming years. This is going to be more attractive for the areas being close to neighborhood amenities and close to shopping & hang-out spots. Real estate industry experts think that there is no bubble. Austin’s economy is strong and varied. Overall there is a huge scarcity of homes for sale in Austin. It just hasn’t kept up with the pace of people moving here.

    Here are the top reasons why Austin is one of the best places to invest in real estate.

    • Booming economy: Austin's economy is booming, thanks to the presence of several major tech companies, such as Dell, IBM, and Apple, which has led to a significant increase in employment opportunities and population growth.
    • Growing population: Austin is one of the fastest-growing cities in the U.S. with a population growth rate of around 2.5% annually. This growth has created a high demand for housing, making it an attractive market for real estate investors.
    • Diverse job market: Austin's economy is not solely reliant on the tech industry. The city has a diversified economy that includes industries such as healthcare, education, government, and tourism, providing a stable job market for residents.
    • Strong rental market: Austin has a strong rental market, with a high percentage of renters in the population. This trend is expected to continue due to the high cost of homeownership and the influx of young professionals and college students.
    • Cultural hub: Austin is known for its vibrant cultural scene, with a variety of music, art, and food festivals throughout the year. This has led to a steady flow of tourists, making the city an attractive destination for short-term rental investments.
    • Favorable tax environment: Texas has no state income tax, making it an attractive option for investors looking to maximize their profits.
    • Pro-business environment: Austin has a pro-business environment, with low regulatory hurdles, making it easier for real estate investors to navigate the market.
    • Innovative city: Austin is known for its innovative spirit, which has led to the development of new technologies and industries. This trend is expected to continue, providing more opportunities for real estate investors to invest in emerging markets.
    • Strong infrastructure: Austin has a strong transportation system, including an international airport and an expanding public transportation network, making it easy to get around the city and attractive to both residents and visitors.
    • Quality of life: Austin consistently ranks highly in quality of life surveys due to its warm climate, access to outdoor recreation, and overall livability. This has led to a high demand for housing, making it an attractive market for real estate investors looking to provide quality housing options.

    Austin Real Estate Trends: The median listing home price in Austin was $600K in January 2023, trending up 9.1% year-over-year. The median listing home price per square foot was $351. Austin was a buyer's market in January 2023, which means that the supply of homes is greater than the demand for homes.

    The market had a total sales-to-total listings ratio below 0.12 which favors buyers. On average, homes in Austin sell after 62 days on the market. The trend for median days on market in Austin has gone down since last month, and slightly down since last year. These housing market trends in Austin are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

      11. Columbus, Ohio

      Columbus is also on the list of the best places to invest in real estate. Its strong economy, diverse job market, affordable housing, and growing population as some of the key factors that make it an attractive destination for real estate investors. Additionally, Columbus's well-developed infrastructure, revitalizing neighborhoods, and thriving start-up culture, provide ample investment opportunities for those looking to invest in the city's real estate market.

      Here are some top reasons why Columbus, Ohio is one of the best cities to invest in real estate:

      • Growing Population: Columbus is the fastest-growing city in the Midwest, with a population of over 900,000, and its population is expected to continue to grow in the coming years. This makes it a significant market for real estate investment.
      • Strong Economy: Columbus has a diverse economy and is home to several Fortune 500 companies, including Nationwide Insurance, American Electric Power, and L Brands. The city's unemployment rate is also lower than the national average, making it a stable market for real estate investment.
      • Affordable Housing: The cost of living in Columbus is lower than the national average, and the city has a relatively affordable housing market compared to other major cities. This makes it an attractive option for real estate investors looking to provide quality housing at reasonable prices.
      • Large Student Population: Columbus is home to Ohio State University, one of the largest universities in the country, with over 60,000 students. This provides a significant demand for rental properties, making it an ideal location for real estate investors looking to target the student rental market.
      • Strong Rental Market: With a growing population and a large student population, Columbus has a strong rental market. Over 50% of the population rents, making it an excellent place for real estate investors.
      • Revitalization of Neighborhoods: Columbus has several neighborhoods that have undergone a revitalization in recent years, such as the Short North, German Village, and Italian Village. These areas are now more attractive to potential renters and real estate investors, with a growing number of restaurants, shops, and entertainment venues.
      • Investment in Infrastructure: Columbus has made significant investments in infrastructure in recent years, such as the Smart City initiative, which aims to modernize the city's transportation system. These investments will make the city more attractive to renters and real estate investors.
      • Strong Job Growth: Columbus has experienced strong job growth in recent years, with many new jobs being created in the technology and healthcare industries. This bodes well for the real estate market, as more jobs mean more people looking for housing.

      Columbus Real Estate Trends: The median listing home price in Columbus was $249K in January 2023, trending up 10.7% year-over-year. The median listing home price per square foot was $168. The median home sold price was $273.5K. Columbus was a buyer's market in January 2023, which means that the supply of homes is greater than the demand for homes.

      The market had a total sales-to-total listings ratio below 0.12 which favors buyers. On average, homes in Columbus sell after 46 days on the market. The trend for median days on market in Columbus has gone up since last month, and slightly up since last year. These housing market trends in Columbus are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

      12. Lakeland, Florida

      Lakeland, FL also enters the list of the best places to invest in real estate in 2023.  Florida is one of the most popular states for real estate investing, and Lakeland is a hidden gem in the Sunshine State. Located in the heart of Central Florida, Lakeland is a rapidly growing city with a strong economy, a thriving job market, and a growing population. With affordable housing, a strong rental market, and a low cost of living, Lakeland offers real estate investors the significant potential for long-term growth and profitability.

      Here are the top reasons why Lakeland, Florida is one of the best cities to invest in real estate.

      • Affordable Housing: Lakeland's real estate market is relatively affordable compared to other major cities in Florida, making it an attractive option for investors looking to provide quality housing at reasonable prices.
      • Growing Population: Lakeland's population has been growing steadily in recent years, with a projected population increase of over 7% by 2025. This growth is expected to drive demand for housing and create opportunities for real estate investors.
      • Strong Rental Market: With a large student population and a growing number of young professionals, Lakeland has a strong rental market. The city's low cost of living and attractive lifestyle make it a popular destination for renters.
      • Job Market: Lakeland has a strong job market, with major employers in industries such as healthcare, education, and manufacturing. A growing number of startups and small businesses are also contributing to the city's economic growth.
      • Tourism: Lakeland is a popular tourist destination, with attractions such as the historic downtown area, the Polk Museum of Art, and the Sun ‘n Fun Aerospace Expo. The city's growing tourism industry creates opportunities for short-term rental investments.
      • Location: Lakeland's location in Central Florida offers easy access to major cities such as Orlando and Tampa, making it an attractive destination for both residents and visitors.
      • Development: Lakeland has seen significant development in recent years, with new residential and commercial projects contributing to the city's growth. This development creates opportunities for real estate investors to get in on the ground floor of emerging neighborhoods and areas.

      Lakeland Real Estate Trends: The median listing home price in Lakeland was $315K in January 2023, trending down 1.5% year-over-year. The median listing home price per square foot was $188. The median home sold price was $303.5K. Lakeland was a buyer's market in January 2023, which means that the supply of homes is greater than the demand for homes.

      The market had a total sales-to-total listings ratio below 0.12 which favors buyers. On average, homes in Lakeland sell after 83 days on the market. The trend for median days on market in Lakeland has gone up since last month, and slightly up since last year. These housing market trends in Lakeland are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

      13. Ocala, Florida

      Ocala, FL finds itself on the list of the best places to invest in real estate in 2023. Ocala, Florida is a small but growing city that offers plenty of opportunities for real estate investors. Known for its beautiful natural landscapes and historic downtown area, Ocala has become a popular destination for retirees, young families, and outdoor enthusiasts alike. In recent years, the city has experienced significant economic growth, thanks in part to its diverse industries, including healthcare, education, and manufacturing.

      Here are the top reasons why Ocala is one of the best cities to invest in real estate:

      • Affordable Real Estate Prices: Ocala offers some of the most affordable real estate prices in Florida, making it an attractive option for investors looking to maximize their returns.
      • Strong Rental Market: Ocala has a strong rental market, with a growing demand for both single-family homes and multi-family properties. With low vacancy rates and high rental yields, investors can expect a steady stream of income from their investments.
      • Growing Population: Ocala's population has been steadily growing over the past decade, making it a prime market for real estate investors. The city's population is projected to continue growing in the coming years, driven in part by the influx of retirees and young families seeking affordable housing and high quality of life.
      • Thriving Healthcare Industry: Ocala is home to a number of major healthcare providers, including AdventHealth and Ocala Regional Medical Center. The city's growing healthcare industry is driving demand for medical office space and other commercial properties, creating opportunities for real estate investors.
      • Strong Tourism Industry: Ocala's natural beauty and outdoor recreational opportunities, including the Ocala National Forest and the Silver Springs State Park, have made it a popular destination for tourists. As a result, there is a strong demand for short-term vacation rentals, making it an attractive market for investors.
      • Historic Downtown Area: Ocala's historic downtown area has undergone a revitalization in recent years, attracting new businesses and residents to the area. As a result, there is a growing demand for commercial and residential properties in the downtown area, creating opportunities for real estate investors.
      • Access to Major Cities: Ocala is located just a short drive from major cities like Orlando and Tampa, making it an attractive option for those seeking a quieter, more affordable lifestyle within easy reach of urban amenities. As a result, there is a growing demand for housing in the area, creating opportunities for real estate investors.

      Ocala Real Estate Trends: The median listing home price in Ocala was $299.9K in January 2023, trending up 12.8% year-over-year. The median listing home price per square foot was $179. The median home sold price was $279K. Ocala was a buyer's market in January 2023, which means that the supply of homes is greater than the demand for homes.

      The market had a total sales-to-total listings ratio below 0.12 which favors buyers. On average, homes in Ocala sell after 85 days on the market. The trend for median days on market in Ocala has gone up since last month, and slightly up since last year. These housing market trends in Ocala are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

      14. Birmingham, Alabama

      Birmingham, AL also ranks in our list of the best places to invest in rental real estate in 2023. The Birmingham AL real estate market continues to take steps in the right direction. Birmingham, Alabama is a growing city that offers many opportunities for real estate investors. Known for its rich history, cultural diversity, and economic growth, Birmingham is quickly becoming a top destination for both new residents and businesses. Overall, Birmingham offers a combination of affordability, economic growth, and cultural attractions that make it an excellent city for real estate investors looking to maximize their returns.

      Here are the top reasons why Birmingham is a great city to invest in real estate:

      • Affordable Real Estate Prices: Birmingham offers some of the most affordable real estate prices in the country, making it an attractive option for investors looking to maximize their returns.
      • Strong Rental Market: Birmingham has a strong rental market, with a growing demand for both single-family homes and multi-family properties. With low vacancy rates and high rental yields, investors can expect a steady stream of income from their investments.
      • Economic Growth: Birmingham has experienced significant economic growth in recent years, thanks to its diverse industries, including healthcare, finance, and technology. With a thriving job market, investors can expect an increase in demand for housing and commercial properties.
      • Growing Population: Birmingham's population has been steadily growing over the past decade, making it a prime market for real estate investors. The city's population is projected to continue growing in the coming years, driven in part by the influx of young professionals seeking affordable housing and high quality of life.
      • Access to Major Markets: Birmingham is located within easy driving distance of major markets like Atlanta, Nashville, and Memphis, making it an attractive option for businesses and residents alike. This proximity to major markets also makes Birmingham an attractive option for real estate investors.
      • Historic Architecture: Birmingham has a rich history, and many of its historic buildings have been preserved and renovated for modern use. This creates opportunities for investors to purchase and renovate historic properties, creating unique and profitable real estate assets.
      • Cultural Attractions: Birmingham has a thriving arts and culture scene, with many museums, theaters, and music venues. This creates a strong demand for commercial properties in areas like downtown Birmingham, providing investors with opportunities for long-term growth.

      Birmingham Real Estate Trends: The median listing home price in Birmingham was $159.7K in January 2023, trending down 3.2% year-over-year. The median listing home price per square foot was $112. The median home sold price was $192.5K. Birmingham was a buyer's market in January 2023, which means that the supply of homes is greater than the demand for homes.

      The market had a total sales-to-total listings ratio below 0.12 which favors buyers. On average, homes in Birmingham sell after 60 days on the market. The trend for median days on market in Birmingham has gone up since last month, and slightly up since last year. These housing market trends in Birmingham are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

      15. Durham, North Carolina

      Durham, NC  is also one of the best places to invest in rental real estate in 2023. 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 one of the few favorable locations to invest in real estate. With strong population growth and a solid economy, the rental demand in Durham, North Carolina is continuously increasing. Durham, North Carolina is a rapidly growing city that offers a strong economy, diverse population, and thriving cultural scene.

      Here are the top reasons why Durham is a great city to invest in real estate:

      • Strong Job Market: Durham is home to major employers like Duke University, IBM, and GlaxoSmithKline, making it a hub for high-paying jobs in healthcare, technology, and pharmaceuticals. The city has a low unemployment rate and a high median household income, creating a stable base of renters and homebuyers.
      • Growing Population: Durham's population has grown rapidly in recent years, with a 13% increase since 2010. This growth is projected to continue, fueled by a diverse population of young professionals, families, and retirees seeking a high quality of life and access to top-tier amenities.
      • Affordable Real Estate Prices: Despite its strong economy and growing population, Durham offers some of the most affordable real estate prices in the region. This makes it an attractive market for investors looking to maximize their returns and capitalize on the city's potential for growth.
      • Top-Tier Universities: Durham is home to Duke University, one of the top universities in the country, as well as North Carolina Central University and Durham Technical Community College. These institutions drive demand for student housing and create a pool of highly educated renters and homebuyers.
      • Revitalized Downtown Area: Durham's downtown area has undergone a major revitalization in recent years, attracting new businesses, restaurants, and cultural institutions to the city. This has created a growing demand for residential and commercial properties in the area, making it an attractive market for investors.
      • Access to Major Cities: Durham has located just a short drive from major cities like Raleigh and Chapel Hill, as well as Research Triangle Park, one of the largest research and development centers in the world. This proximity to urban amenities and top-tier employers creates a strong demand for housing in the area, making it an attractive market for real estate investors.
      • Quality of Life: Durham offers a high quality of life, with a thriving arts and culture scene, top-rated healthcare facilities, and easy access to outdoor recreation opportunities like the Eno River State Park and the American Tobacco Trail. These amenities make Durham an attractive destination for renters and homebuyers, driving demand for real estate in the area.

      Durham Real Estate Trends: The median listing home price in Durham was $405K in January 2023, trending up 1.5% year-over-year. The median listing home price per square foot was $222. The median home sold price was $355K. Durham was a balanced market in January 2023, which means the supply and demand of homes are about the same.

      The market had a total sales-to-total listings ratio between 0.12 and 0.2. On average, homes in Durham sell after 69 days on the market. The trend for median days on market in Durham has gone up since last month, and slightly up since last year. These housing market trends in Durham are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

      16. Charlotte, North Carolina

      Charlotte is also one of the best places to invest in rental real estate. The Charlotte metropolitan area or Metrolina has experienced rapid population and job expansion. One reason for this is the city's business-friendly environment. The homebuyers in the Charlotte area have dealt with a persistent seller’s market, which has shrunk inventory and driven up home prices. Charlotte, North Carolina is a thriving city known for its diverse economy, vibrant culture, and attractive quality of life. It is the largest city in North Carolina and the second-largest city in the Southeastern United States, making it a hub for business, education, and entertainment.

      Here are the top reasons why Charlotte is a great city to invest in real estate:

      • Strong and Diversified Economy: Charlotte is home to several Fortune 500 companies, including Bank of America, Lowe's, and Duke Energy, making it a hub for finance, energy, and retail. The city also has a growing tech sector, with companies like Red Ventures and AvidXchange calling Charlotte home. This diverse economy creates a stable base of renters and homebuyers, making it a great market for real estate investors.
      • Growing Population: Charlotte is one of the fastest-growing cities in the country, with a population increase of over 15% since 2010. This growth is projected to continue, fueled by a diverse population of young professionals, families, and retirees seeking a high quality of life and access to top-tier amenities.
      • Affordable Real Estate Prices: Despite its strong economy and growing population, Charlotte offers some of the most affordable real estate prices in the region. This makes it an attractive market for investors looking to maximize their returns and capitalize on the city's potential for growth.
      • Top-Ranked Schools and Universities: Charlotte is home to several top-ranked public and private schools, as well as several universities, including the University of North Carolina at Charlotte and Queens University. These institutions drive demand for student housing and create a pool of highly educated renters and homebuyers.
      • Revitalized Downtown Area: Charlotte's downtown area has undergone a major revitalization in recent years, attracting new businesses, restaurants, and cultural institutions to the city. This has created a growing demand for residential and commercial properties in the area, making it an attractive market for investors.
      • Access to Major Cities: Charlotte is located within driving distance of several major cities, including Atlanta, GA, and Washington, D.C. It is also home to the Charlotte-Douglas International Airport, which serves as a major transportation hub for the Southeastern United States. This proximity to urban amenities and transportation creates a strong demand for housing in the area, making it an attractive market for real estate investors.
      • Quality of Life: Charlotte offers a high quality of life, with a thriving arts and culture scene, top-rated healthcare facilities, and access to outdoor recreation opportunities like Lake Norman and the U.S. National Whitewater Center. These amenities make Charlotte an attractive destination for renters and homebuyers, driving demand for real estate in the area.

      Charlotte Real Estate Trends: The median listing home price in Charlotte was $399K in January 2023, trending up 6.4% year-over-year. The median listing home price per square foot was $217. The median home sold price was $385K. Charlotte was a balanced market in January 2023, which means the supply and demand of homes are about the same.

      The market had a total sales-to-total listings ratio between 0.12 and 0.2. On average, homes in Charlotte sell after 70 days on the market. The trend for median days on market in Charlotte has gone up since last month, and slightly up since last year. These housing market trends in Charlotte are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

      17. Colorado Springs, Colorado

      Colorado Springs is also on the list of the best places to invest in rental real estate. Colorado Springs, Colorado is a vibrant city located at the base of the Rocky Mountains. With a growing population and strong economy, Colorado Springs offers a variety of opportunities for real estate investors.

      Here are some top reasons to consider investing in the Colorado Springs real estate market:

      • Strong Job Market: Colorado Springs has a diverse economy that is fueled by industries such as aerospace, defense, technology, and tourism. The city is home to major employers like Northrop Grumman, Boeing, and Lockheed Martin, as well as several military installations including Fort Carson and the United States Air Force Academy. This strong job market creates a stable base of renters and homebuyers, making it an attractive market for real estate investors.
      • Growing Population: Colorado Springs is one of the fastest-growing cities in the country, with a population increase of over 10% since 2010. This growth is projected to continue, driven by a diverse population of young professionals, families, and retirees seeking a high quality of life and access to outdoor recreation opportunities.
      • Affordable Real Estate Prices: Despite its strong economy and growing population, Colorado Springs offers relatively affordable real estate prices compared to other cities in the region. This makes it an attractive market for investors looking to maximize their returns and capitalize on the city's potential for growth.
      • Outdoor Recreation Opportunities: Colorado Springs is known for its stunning natural beauty and access to outdoor recreation opportunities. The city is home to attractions like the Garden of the Gods, Pikes Peak, and the Cheyenne Mountain Zoo. This natural beauty and easy access to outdoor recreation make Colorado Springs an attractive destination for renters and homebuyers, driving demand for real estate in the area.
      • Military Presence: Colorado Springs has a significant military presence, with several military installations located in the area. This creates a stable base of renters and homebuyers, as well as a demand for rental properties near military installations.
      • Strong Rental Market: Colorado Springs has a strong rental market, with a vacancy rate below the national average and a steady increase in rental prices over the past several years. This makes it an attractive market for real estate investors who are looking to generate passive income from rental properties.

      Colorado Springs Real Estate Trends: The median listing home price in Colorado Springs was $439.9K in January 2023, trending up 2.9% year-over-year. The median listing home price per square foot was $212. The median home sold price was $335K. Colorado Springs was a buyer's market in January 2023, which means the supply of homes is greater than the demand for homes.

      The market had a total sales-to-total listings ratio below 0.12, which favors sellers. On average, homes in Colorado Springs sell after 115 days on the market. The trend for median days on market in Colorado Springs is flat since last month, and slightly up since last year. These housing market trends in Colorado Springs are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

      18. Denver, Colorado

      Denver, Colorado also makes the list of the best places to invest in real estate. Rentals in this city have been gradually increasing over the years. This consistent growth has been driven by a buoyant economy creating jobs. Tourism is also high, driving strong returns in the holiday rental market. Jobs are a major reason why people move to Denver in the first place.

      Denver is a bustling city that is quickly growing in popularity, attracting an influx of residents and businesses to the area. That explains why Denver is one of the top cities for in-migration, attracting people from all over the state as well as the country. With a thriving economy, stunning scenery, and a range of amenities, Denver is a great place to invest in real estate.

      Here are the top reasons why:

      • Strong Economy: Denver is home to a strong and diverse economy, with major industries including healthcare, education, and technology. The city has consistently low unemployment rates, high median household incomes, and a growing population, making it an attractive market for real estate investors.
      • Growing Population: Denver has experienced significant population growth in recent years, with a 21% increase in population since 2010. This growth is expected to continue, driven by a young and educated population seeking access to top-tier amenities and a high quality of life.
      • Booming Real Estate Market: Denver's real estate market is booming, with home values increasing rapidly over the past few years. In fact, Denver was recently ranked as one of the hottest real estate markets in the country, making it a prime location for investors looking to capitalize on the city's growth.
      • Proximity to Outdoor Recreation: Denver is located at the base of the Rocky Mountains, providing easy access to world-class outdoor recreation opportunities like skiing, hiking, and camping. This proximity to nature is a major draw for residents and tourists alike, driving demand for real estate in the area.
      • Cultural and Entertainment Scene: Denver offers a vibrant cultural and entertainment scene, with a range of museums, galleries, music venues, and festivals throughout the year. The city is also home to a thriving food and beverage scene, with a range of top-rated restaurants and breweries.
      • Top-Tier Education: Denver is home to a range of top-tier universities and colleges, including the University of Denver and the University of Colorado Denver. These institutions attract a highly educated population and drive demand for student housing in the area.
      • Access to Major Cities: Denver is located within driving distance of other major cities like Boulder, Fort Collins, and Colorado Springs. This proximity to other urban centers creates a strong demand for housing in the area, making it an attractive market for real estate investors.

      Denver Real Estate Trends: The median listing home price in Denver, CO was $565K in January 2023, trending up 6.6% year-over-year. The median listing home price per square foot was $355. The median home sold price was $460K. Denver was a buyer's market in January 2023, which means the supply of homes is greater than the demand for homes.

      The market had a total sales-to-total listings ratio below 0.12, which favors buyers. On average, homes in Denver sell after 134 days on the market. The trend for median days on market in Denver has gone up since last month, and slightly up since last year. These housing market trends in Denver are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

      19. Raleigh, North Carolina

      Raleigh is also on the list of best places to invest in rental real estate. Raleigh, North Carolina is a city on the rise, offering a thriving economy, a strong job market, and top-tier amenities. The Raleigh metropolitan area – the city and its surrounding suburbs – account for about one and a half million people.

      Raleigh offers a range of attractive qualities for real estate investors, including a strong job market, a growing population, affordable real estate prices, top-tier universities, a thriving cultural scene, access to outdoor recreation, and a growing tech industry. These factors make it a great location for real estate investors looking to capitalize on the city's potential for growth and maximize their returns.

      Here are some of the top reasons to invest in the Raleigh, North Carolina real estate market:

      • Strong Job Market: Raleigh is home to major employers like IBM, Cisco Systems, and North Carolina State University, making it a hub for high-paying jobs in technology, education, and healthcare. The city has a low unemployment rate and a high median household income, creating a stable base of renters and homebuyers.
      • Growing Population: Raleigh's population has grown rapidly in recent years, with a 22% increase since 2010. This growth is projected to continue, fueled by a diverse population of young professionals, families, and retirees seeking a high quality of life and access to top-tier amenities.
      • Affordable Real Estate Prices: Despite its strong economy and growing population, Raleigh offers some of the most affordable real estate prices in the region. This makes it an attractive market for investors looking to maximize their returns and capitalize on the city's potential for growth.
      • Top-Tier Universities: Raleigh is home to North Carolina State University, one of the top universities in the country, as well as several other colleges and universities. These institutions drive demand for student housing and create a pool of highly educated renters and homebuyers.
      • Thriving Cultural Scene: Raleigh offers a thriving cultural scene, with a range of museums, galleries, music venues, and festivals throughout the year. The city is also home to a growing food and beverage scene, with a range of top-rated restaurants and breweries.
      • Access to Outdoor Recreation: Raleigh offers easy access to outdoor recreation opportunities like hiking, biking, and boating, with several parks and lakes in the area. This proximity to nature is a major draw for residents and tourists alike, driving demand for real estate in the area.
      • Growing Tech Industry: Raleigh is home to a thriving tech industry, with several startups and established companies in the area. This has created a strong demand for housing in the city, particularly among young professionals in the tech sector.

      Raleigh Real Estate Trends: The median listing home price in Raleigh, NC was $420.2K in February 2023, trending flat year-over-year. The median listing home price per square foot was $221. The median home sold price was $393K. Raleigh was a seller's market in February 2023, which means that there are more people looking to buy than there are homes available.

      The market had a total sales-to-total listings ratio above 0.2, which favors sellers. On average, homes in Raleigh sell after 63 days on the market. The trend for median days on market in Raleigh has gone down since last month, and slightly up since last year. These housing market trends in Raleigh are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

      20. Phoenix, Arizona

      Phoenix is also on the list of best places to invest in rental real estate. It is becoming a top destination for people living in high-cost areas like Los Angeles & Seattle. Phoenix is a rapidly growing city that has become an attractive market for real estate investors. With a strong and diverse economy, a growing population, and a range of amenities, Phoenix offers many opportunities for those looking to invest in real estate

      The Phoenix real estate market offers many opportunities for investors looking to capitalize on the city's strong economy, growing population, and range of amenities. With affordable housing, high rental demand, and a range of investment opportunities, Phoenix is a market worth considering for real estate investment.

      Here are the top reasons to consider investing in the Phoenix real estate market:

      • Strong and Diverse Economy: Phoenix has a strong and diverse economy with major industries including healthcare, education, technology, and tourism. The city has consistently low unemployment rates and a growing population, making it an attractive market for real estate investors.
      • Growing Population: Phoenix has experienced significant population growth in recent years, with a 12.5% increase in population since 2010. This growth is expected to continue, driven by a young and educated population seeking access to top-tier amenities and a high quality of life.
      • Affordable Housing Market: Compared to other major metropolitan areas, Phoenix has a relatively affordable housing market. This affordability, combined with a growing demand for housing, creates a strong market for real estate investors.
      • High Rental Demand: With a growing population and a large student population, Phoenix has a high demand for rental properties. This makes it an attractive market for investors looking to generate steady rental income.
      • Tourism: Phoenix is a popular tourist destination, with over 22 million visitors in 2019 alone. This drives strong returns in the vacation rental market, making it an attractive investment opportunity for those looking to invest in short-term rental properties.
      • Proximity to Outdoor Recreation: Phoenix is located in the Sonoran Desert and is surrounded by mountains, providing easy access to world-class outdoor recreation opportunities like hiking, biking, and camping. This proximity to nature is a major draw for residents and tourists alike, driving demand for real estate in the area.
      • Major Transportation Hub: Phoenix is a major transportation hub, with a busy international airport and major highways connecting it to other major cities in the Southwest. This makes it an attractive location for businesses and residents alike, driving demand for real estate in the area.

      Phoenix Real Estate Trends: The median listing home price in Phoenix, AZ was $450K in January 2023, trending up 1.1 year-over-year. The median listing home price per square foot was $281. The median home sold price was $400K. Phoenix was a balanced market in January 2023, which means that the supply and demand of homes are about the same.

      The market had a total sales-to-total listings ratio between 0.12 and 0.2, which favors none. On average, homes in Phoenix sell after 78 days on the market. The trend for median days on market in Phoenix has gone up since last month, and slightly up since last year. These housing market trends in Phoenix are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

      21. Seattle, Washington

      Seattle too makes our list of one of the best places to invest in real estate for those who can afford it. Seattle offers strong economic prospects and a buoyant labor market. This means that rental occupancies are expected to remain high. The city’s population has grown consistently over the last few years with families drawn to the city’s lifestyle. Housing prices have doubled in the past five years, growing twice as fast as the national average since 2016.

      Seattle’s tech landscape and real estate market are rapidly evolving. Google has upped the size of its new Seattle campus. Facebook has been on a hiring spree in the Seattle area, particularly for its virtual reality arm Oculus, which is growing fast in Microsoft’s backyard of Redmond. GeekWire reported on new HQ leases for top Seattle startups Rover and Outreach.

      Other companies continue to grow and that will pick up any slack. Tech has blown up Seattle. For the past 5 years, we have seen that this market has priced out many middle-class buyers. Despite the high cost of living, Seattle, Washington, remains a hotbed for real estate investment. The city's strong economy, growing job market, and attractive location make it an ideal choice for investors looking to capitalize on the city's steady growth.

      Overall, Seattle's strong economy, growing population, limited housing supply, high-quality education, attractive location, and stable market make it a top choice for real estate investors looking for a reliable and profitable investment opportunity.

      Here are the top reasons why investing in Seattle's real estate market may be a wise decision:

      • Strong Job Market: Seattle is home to a diverse economy with thriving industries in technology, healthcare, and aerospace. Companies such as Amazon, Microsoft, and Boeing are headquartered in the area, providing a strong job market with high-paying jobs and attracting top talent from around the world.
      • Growing Population: Seattle's population has been steadily growing in recent years, driven by the strong job market and high quality of life. The city's population is projected to continue to grow, with estimates predicting a 16% increase in population by 2040. This growth is driving demand for housing, making it an attractive market for real estate investors.
      • Limited Housing Supply: Seattle's booming economy and growing population have created a housing shortage in the city, leading to a limited supply of housing. This has driven up housing prices, making it an ideal market for real estate investors looking to capitalize on the high demand for housing.
      • High-Quality Education: Seattle is home to several prestigious universities, including the University of Washington, which attracts a large number of students and faculty to the area. This has driven demand for student housing, making it a great opportunity for real estate investors looking to invest in rental properties.
      • Attractive Location: Seattle's location, nestled between Puget Sound and the Cascade Mountains, makes it a desirable location for those seeking access to outdoor recreation opportunities. The city also boasts a thriving arts and culture scene, top-rated restaurants, and a variety of entertainment options, making it an attractive destination for residents and tourists alike.
      • Stable Market: Despite the high cost of living, Seattle's real estate market has remained relatively stable, with steady growth in home values and rental rates. This makes it a reliable market for long-term real estate investments.

      Seattle Real Estate Trends: The median listing home price in Seattle, WA was $794.1K in January 2023, trending up 5.9 year-over-year. The median listing home price per square foot was $581. The median home sold price was $765K. Seattle was a balanced market in January 2023, which means that the supply and demand of homes are about the same.

      The market had a total sales-to-total listings ratio between 0.12 and 0.2, which favors none. On average, homes in Seattle sell after 75 days on the market. The trend for median days on market in Seattle has gone up since last month, and slightly up since last year. These housing market trends in Seattle are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.

      Now that you know where to invest in real estate, it's time to figure out how to do it properly. One of the best investments you can make is in income-producing rental properties, but only if you know what you're doing. We can help you succeed by avoiding risk and boosting profit by researching top real estate growth markets.

      Contact us if you're seeking the best affordable real estate investment opportunities in 2023. We are a provider of turnkey real estate – with properties as far south as Florida to as far north as Michigan. Here is a link to some of the top-growing real estate markets where we have investment properties for sale. 

      Foreign Investment in US Real Estate: A Look at the Latest Data

      Foreign individuals and corporations are free to purchase residential or commercial real estate in the United States. Real estate is a global asset class, and foreign investment in the US real estate market has been an important source of capital for many years. The National Association of Realtors® (NAR) publishes an annual report on international transactions in US residential real estate to provide insights into the trends and patterns of foreign investment. Let’s take a closer look at the latest data.

      Dollar Volume of Foreign Buyer Residential Purchases

      According to the NAR report, the dollar volume of foreign buyer residential purchases during April 2021-March 2022 was $59 billion, which is equivalent to 2.6% of $2.3 trillion of the dollar volume of existing-home sales. This indicates that foreign investment in US real estate continues to be significant.

      Number of Foreign Buyer Existing-Home Purchases

      The report also reveals that 98,600 foreign buyer existing-home purchases were made during April 2021-March 2022, which represents 1.6% of 6.06 million existing-home sales. This demonstrates that foreign buyers are still active in the US real estate market. Interestingly, the report found that 57% of foreign buyers who purchased US residential property were already residing in the United States. This includes recent immigrants (less than two years at the time of the transaction) or non-immigrant visa holders who reside for more than six months in the US for professional, educational, or other reasons.

      Top Foreign Buyers

      The report also lists the top foreign buyers in the US residential real estate market. The top five countries are Canada (11% of foreign buyers, $5.5 billion), Mexico (8% of foreign buyers, $2.9 billion), China (6% of foreign buyers, $6.1 billion), India (5% of foreign buyers, $3.6 billion), and Brazil (3% of foreign buyers, $1.6 billion). Colombia also makes the list with 3% of foreign buyers and $1.0 billion.

      Implications for the US Real Estate Market

      Foreign investment has been a key driver of the US real estate market, and the latest data from the NAR report suggests that this trend is likely to continue. Foreign buyers are attracted to US real estate for a variety of reasons, such as economic and political stability, a strong rule of law, and a relatively low cost of living compared to other developed countries. These factors make the US an attractive destination for foreign investment.

      Furthermore, foreign investment can provide significant benefits to the US real estate market. For example, it can boost economic growth, create jobs, and increase demand for US goods and services. However, foreign investment can also have its downsides, such as driving up home prices and reducing housing affordability for US residents.

      In summary, the latest data on foreign investment in US real estate from the NAR report highlights the ongoing importance of foreign buyers in the US real estate market. While there are potential benefits and drawbacks to foreign investment, it is clear that the US real estate market remains an attractive destination for global capital.


      References:

      • https://www.realtor.com/research/data/
      • https://www.zillow.com
      • http://www.afire.org
      • https://www.neighborhoodscout.com
      • https://www.rentcafe.com
      • https://en.wikipedia.org
      • https://www.nar.realtor/research-and-statistics/research-reports/international-transactions-in-u-s-residential-real-estate

      Filed Under: General Real Estate, Growth Markets, Housing Market, Real Estate Investing, Real Estate Investments Tagged With: best cities to buy rental property, Best Cities To Invest In Real Estate, best place to buy investment property, Best Places To Invest In Real Estate

      Is it a Good Time to Buy a House or Should I Wait Until 2024

      March 19, 2023 by Marco Santarelli

      Is It a Good Time to Buy a House

      Is it a Good Time to Buy a House or Should I Wait?

      Is it a Good Time to Buy a House

      If you're looking to buy a house, you might be wondering if it's a good time to buy a house or if should you wait. While there are pros and cons to both options, several factors can influence your decision. In this article, we'll explore some of the latest housing trends and data to help you make an informed decision.

      20% of Consumers Say It's a Good Time to Buy a House

      One of the most significant factors to consider is the state of the housing market. Housing prices have been on the rise year over year, making it more challenging for first-time buyers to enter the market. Additionally, mortgage rates are also on the rise, further increasing the overall cost of buying a house.

      According to the Fannie Mae Home Purchase Sentiment Index® (HPSI), the percentage of consumers who say it's a good time to buy a home increased from 17% to 20%, while the percentage who say it's a bad time to buy decreased from 82% to 79%. The net share of those who say it's a good time to buy increased 5 percentage points month over month, indicating that some consumers still see opportunities in the current housing market.

      ALSO READ: When is the Best Time to Buy a House?

      While this may be an encouraging sign, it's worth noting that four of the HPSI's six components decreased month over month, indicating that consumers are still cautious about the housing market. The Fannie Mae Home Purchase Sentiment Index® (HPSI) is a monthly survey of US consumers conducted by Fannie Mae to gauge their attitudes towards homeownership, renting, the economy, and other related issues.

      The HPSI is based on six components: good/bad time to buy a home, good/bad time to sell a home, home price expectations, mortgage rate expectations, job security, and household income. The HPSI decreased by 3.6 points in February 2023 to 58.0, which breaks a streak of three consecutive monthly increases and brings the index closer to its all-time survey low set in October 2022. Year over year, the full index is down 17.3 points, indicating a significant decline in consumer sentiment toward the housing market.

      The decrease in the HPSI in February was mainly driven by a substantial decrease in consumers' sense of home-selling conditions, with most respondents who indicated it's a “bad time to sell” citing unfavorable economic conditions and mortgage rates as the primary reasons for that belief. Additionally, the survey indicated an increase in job security concerns, which could play a factor in slowing down the housing market activity.

      ALSO READ: Will the Housing Market Crash?

      On the other hand, the percentage of respondents who say it's a good time to sell a home decreased from 59% to 54%, while the percentage who say it's a bad time to sell increased from 39% to 44%. The net share of those who say it's a good time to sell decreased 10 percentage points month over month, indicating that consumers are less optimistic about selling their homes in the current market.

      The HPSI is a useful tool for real estate professionals, investors, and policymakers to understand the sentiment and trends in the housing market. While the decline in the HPSI indicates a cautious outlook toward the housing market, it's important to note that the sentiment can change quickly in response to economic conditions, mortgage rates, and other factors.

      In conclusion, while the index decreased in February 2023, indicating a decline in consumer sentiment toward the housing market, some consumers still see opportunities to buy a home in the current market. Real estate professionals, investors, and policymakers should continue to monitor the HPSI and other indicators to understand the trends and dynamics in the housing market. Read the full research report for additional information.

      Is It a Good Time to Buy a House or Wait Until 2024?
      Source: Fannie Mae

      Job Security and Home-Selling Conditions

      The HPSI's job security and home-selling condition components are particularly noteworthy. The percentage of consumers who expressed concern about losing their job in the next 12 months increased from 18% to 24%. Additionally, 44% of respondents reported that it's a bad time to sell a home, up from 39% last month. These factors suggest that consumer sentiment about the housing market is subdued.

      The Federal Reserve's Role

      The Federal Reserve's actions can also impact the housing market. In an effort to combat inflation, the Fed has raised interest rates, which can affect the overall cost of borrowing money for a mortgage. While some investors are betting that the Fed will hold steady at its next meeting, others believe that interest rates will continue to rise.

      Finally, inflation and economic uncertainty can also affect the housing market. With consumer prices rising across the board, it's becoming increasingly difficult to save money to buy a house. Additionally, economic uncertainty can make consumers hesitant to make significant financial commitments like buying a house.

      Should You Buy a House Now or Wait?

      Considering all of these factors, is it a good time to buy a house, or should you wait? The answer depends on your individual circumstances and priorities. Here are some factors to consider when making your decision. Your financial situation is one of the most critical factors to consider when deciding whether to buy a house. If you have a stable income, a healthy credit score, and a solid down payment saved up, now may be a good time to buy a house, especially if you plan to stay in the same location for several years. However, if you have unstable employment, poor credit, or a limited down payment, it may be better to wait until your financial situation improves before buying a house.

      Market Conditions

      The current market conditions also play a significant role in your decision. If housing prices and mortgage rates are both on the rise, you may want to wait until they stabilize before buying a house. On the other hand, if you find a property that you love and can afford, it may be worth buying now rather than waiting and risking the property becoming too expensive or someone else snatching it up.

      Your Long-Term Goals

      Finally, your long-term goals should factor into your decision. If you plan to live in the same location for several years and want to build equity in a property, buying a house now may be a wise choice.  However, if you're uncertain about your long-term plans or prefer more flexibility, renting may be a better option. Renting allows you to move more easily, which can be advantageous if you're not sure how long you'll stay in a particular area.

      Additionally, renting may be less expensive than buying a home in some markets. Ultimately, the decision to rent or buy a home is a personal one that depends on a variety of factors, including your financial situation, lifestyle, and long-term plans. It's important to carefully consider your options and consult with professionals, such as a real estate agent and financial advisor, before making a decision.

      Regardless of whether you choose to rent or buy, it's important to remember that a home is a significant investment. It's important to take care of your property and make smart decisions about renovations and upgrades to ensure that you can enjoy your home for years to come.

      As of March 14, 2023, the average rate for the benchmark 30-year fixed mortgage is 6.94 percent, down 14 basis points from a week ago (source: Bankrate). A month ago, the average rate on a 30-year fixed mortgage was lower, at 6.72 percent. At the current average rate, you'll pay a combined $661.28 per month in principal and interest for every $100k you borrow. That's a decrease of $9.40 over what you would have paid last week.

      The average 15-year fixed mortgage rate is 6.19 percent, down 9 basis points over the last week. Monthly payments on a 15-year fixed mortgage at that rate will cost around $854 per $100,000 borrowed. The larger monthly payment may be harder to fit into your budget than a 30-year mortgage payment, but it has huge advantages: You'll save several thousand dollars in interest and create equity much faster.

      Let's compare the figures between now and twelve months ago when the buyers financed their houses with a mortgage. On a $300,000 loan, a 30-year, fixed-rate mortgage at March 16, 2022's rate of 4.16% would have meant a monthly payment of about $1,460 (Principal & interest).

      • Loan amount = $300,000
      • Total interest paid = $225,640
      • Total cost of loan = $525,640

      As of March 14, 2023, a 6.94% (30-year) fixed rate brings the monthly payment to $1,983 (Principal & interest). That’s an extra $523 a month or $6,276 more a year and $189,245 more over the lifetime of the loan.

      • Loan amount = $300,000
      • Total interest paid = $414,885
      • Total cost of loan = $714,885

      As a borrower, it makes little sense to attempt rate timing in this market. Regardless of current interest rates, our best recommendation is to purchase a home when you are financially ready and can afford it. Remember that you are not forever bound to your mortgage rate. If interest rates drop significantly, homeowners can refinance to save money at a later date. Rising rates make homes more expensive for buyers, and, for prospective borrowers, steeper monthly mortgage payments. It will thereby reduce the demand for home purchases.

      The recent report on the Mortgage Credit Availability Index (MCAI) indicates a tightening of lending standards, with the index falling by 3.0 percent to 100.1 in February. The MCAI report, published by the Mortgage Bankers Association (MBA), uses data from ICE Mortgage Technology to analyze mortgage credit availability.

      The decrease in the MCAI suggests that it is becoming more challenging for borrowers to secure a mortgage loan. The Conventional MCAI decreased by 4.4 percent, while the Government MCAI decreased by 1.6 percent. The Jumbo MCAI, a component of the Conventional MCAI, decreased by 4.4 percent, and the Conforming MCAI fell by 4.3 percent.

      According to Joel Kan, MBA's Vice President, and Deputy Chief Economist, mortgage credit availability has decreased to its lowest level since January 2013, with all loan types seeing declines in availability over the month. The conforming subindex has also decreased by 4.3 percent to its lowest level in the survey, which goes back to 2011.

      One of the reasons for this decline in availability is the ongoing trend of shrinking industry capacity, as mortgage rates remain significantly higher than a year ago. In addition, there has also been a reduction in refinance programs offered for low credit score and high loan-to-value (LTV) borrowers, potentially due to the volatile rate environment and a weakening economy.

      This tightening of lending standards may make it more challenging for first-time buyers to secure a mortgage, as they often have limited credit history and lower down payments. Therefore, it is essential for first-time buyers to maintain a good credit score, save for a larger down payment, and shop around for mortgage options that fit their financial situation.

      Mortgage credit availability
      Source: Mortgage Bankers Association

      Is it a Good Time to Buy a House for First-Time Buyers?

      Based on the latest data from the Fannie Mae Home Purchase Sentiment Index® (HPSI), the sentiment among first-time buyers regarding the current housing market is cautious. The HPSI decreased by 3.6 points in February to 58.0, breaking a streak of three consecutive monthly increases and returning the index closer to its all-time survey low set in October 2022. This decline was partly driven by a substantial decrease in consumers’ sense of home-selling conditions, with most respondents who indicated it’s a ‘bad time to sell’ citing unfavorable economic conditions and mortgage rates as the primary reasons for that belief.

      Furthermore, homebuying sentiment remains near its all-time low, indicating that potential first-time buyers may also be feeling hesitant about the current housing market. While the net share of those who say home prices will go up increased by 1 percentage point month over month, the percentage of respondents who say home prices will go down decreased from 37% to 35%. The share who think home prices will stay the same increased from 30% to 33%.

      Regarding mortgage rates, the percentage of respondents who say mortgage rates will go down in the next 12 months increased from 13% to 15%, while the percentage who expect mortgage rates to go up increased from 52% to 55%. The share who think mortgage rates will stay the same decreased from 33% to 28%. As a result, the net share of those who say mortgage rates will go down over the next 12 months decreased by 1 percentage point month over month.

      For first-time homebuyers, the current housing market may present both advantages and challenges. On one hand, home prices have been rising steadily over the past year, but the rate of increase is slowing down. This may present an opportunity for first-time buyers who were previously priced out of the market to finally get a foot in the door.

      However, with mortgage rates beginning to rise again, first-time buyers may face higher monthly payments and more difficulty qualifying for a mortgage. Additionally, with the decrease in consumers' sense of home-selling conditions, it may be more challenging for first-time buyers to find a home that meets their needs and budget.

      It's important for first-time buyers to weigh the advantages and challenges of the current housing market and carefully consider their personal financial situation and long-term plans before making a decision. It may be wise to work with a trusted real estate agent and a mortgage lender who can provide guidance and support throughout the homebuying process.

      Overall, while the current housing market may not be ideal for all buyers, it may present an opportunity for first-time buyers who are ready to take the plunge into homeownership.

      Conclusion: The Best Time To Buy A Home Depends On You

      Higher interest rates pose a challenge to existing homeowners looking to buy a new home at the same time as selling their current home. Existing homeowners may benefit from lower interest rates than those offered right now because they already have mortgages. Their monthly expenses could rise dramatically as a result of the purchase of a new property.

      In other words, if you don't have a specific date in mind for when you want to buy a new property, you may be better off waiting till it does. Every potential buyer's best time to buy a property is different, and the greatest time to buy a house is not the same for everyone. It’s essential to consider your financial situation and understand how buying will impact your bottom line each month.

      For many first-time homebuyers, it doesn't matter if loan rates are too high, if there aren't enough homes available, or if you don't have enough money in the bank. When the time is right to purchase a home, the time is right. First-time buyers can accomplish the American Dream of homeownership without a 20% down payment. The government offers several mortgage schemes with minimal or no down payment, as well as down payment assistance programs.


      Sources:

      • https://www.fanniemae.com/research-and-insights/surveys-indices/national-housing-survey
      • https://www.realtor.com/research/december-2022-data/
      • https://www.bankrate.com/mortgages/todays-rates/
      • https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales
      • https://www.bankrate.com/mortgages/rate-trends/
      • https://www.mba.org/news-and-research/research-and-economics/single-family-research/mortgage-credit-availability-index-x241340

      Filed Under: General Real Estate, Getting Started, Housing Market, Real Estate Investing Tagged With: Housing Market, is it a good time to buy a house, Real Estate Investing, should i buy a house, should i buy a house now

      Reno Real Estate Market: Prices, Trends, Forecast 2023

      March 19, 2023 by Marco Santarelli

      Welcome to the Reno real estate market report for 2023. In this report, we will take a look at the current state of the housing market in Reno, Nevada, including trends and forecasts for the coming year. With Reno's reputation as a popular destination for outdoor enthusiasts, retirees, and tech industry workers, we'll explore what impact these factors have on the local real estate market. So, if you're interested in buying or selling property in the area, keep reading to learn more about the Reno real estate market.

      Reno/Sparks Housing Market Trends for 2023

      The following residential housing market data reported above covers the cities of Reno, Nevada, and Sparks, Nevada. Based on the data provided in the February 2023 Market Report, it seems that the Reno housing market is continuing to experience growth, albeit at a slower pace than in previous years. The median home sales price for the Reno, Nevada metro increased by 1.0 percent over January's median sales price, reaching $515,000 in February. However, year-over-year, February's median sales price is down by 7.4 percent.

      Despite the slight increase in the median sales price, the median sold price per square foot (PPSF) decreased by 0.8 percent to $286.73/sq.ft. in February. Year-over-year, February's median sold PPSF was down by 8.8 percent. This suggests that homebuyers are getting more square footage for their money compared to last year.

      It is worth noting that the number of homes sold in February increased by 15.5 percent from the previous month, reaching a total of 276 homes sold. However, year-over-year, home sales are down by 27.0 percent. This indicates that the Reno housing market may be experiencing a slowdown in demand.

      Furthermore, available inventory fell by 14.7 percent from the previous month, with only 550 homes currently available for purchase in the Reno-Sparks market. This represents just a two-month supply of inventory, which is quite low. Prospective home sellers may be hesitant to put their homes on the market given the higher interest rates for new mortgages. Despite the monthly drop in available inventory, year-over-year, available inventory is up by 104.5 percent.

      Finally, February's median days on market (DOM) remained unchanged from January's median DOM at 86 days. Year-over-year, February's DOM is double that of February 2022's DOM number. This suggests that homes are taking longer to sell in the current market.

      Overall, the Reno housing market is showing some signs of growth, albeit at a slower pace. While the median sales price increased slightly in February, it is still lower than the previous year. However, the increase in pending sales may indicate a higher demand in the near future. The low inventory and longer days on market may pose challenges for homebuyers, but it could present opportunities for sellers looking to maximize their profits.

      Reno Real Estate Market Forecast 2023-2024

      Based on the Zillow data, the Reno real estate market is expected to experience a slight decline in home values in the coming year. According to Zillow's forecast, the Reno MSA (Metropolitan Statistical Area) is projected to decline by 0.2% by March 2023, 1.1% by May 2023, and 1.6% by February 2024.

      The average home value in Reno is currently $510,283, which is down 1.9% from the previous year. Additionally, homes are going pending in approximately 49 days, indicating a moderately competitive market. The median sale to list ratio as of January 31, 2023, was 0.977, indicating that homes are generally selling for slightly under their asking price. However, 12.8% of homes are selling for over their list price, while 68.2% of homes are selling under their list price.

      Overall, the Reno real estate market forecast for 2023-2024 suggests a modest decline in home values. However, this decline is not expected to be significant, and the market is likely to remain relatively stable. Despite the decline in home values, the moderately competitive market and the percentage of homes selling over their list price indicate that there may still be opportunities for both buyers and sellers in the Reno area.

      Reno Real Estate Market Forecast
      Courtesy of Zillow.com

      Reno Real Estate Investment Overview

      Reno, Nevada is a popular destination for real estate investors due to its strong economy, growing population, and affordable housing market. The city offers a range of recreational opportunities and attractions, including nearby Lake Tahoe and the Sierra Nevada mountains, as well as a thriving business environment with a diverse range of industries, from technology to healthcare and logistics.

      One of the biggest draws of the Reno real estate market is its affordability, with a median home value of $510,283, which has decreased by 1.9% over the past year. In the context of Reno's housing market, a median home value of $510,283 may not be considered affordable for everyone.

      However, compared to other popular real estate markets in the United States, such as San Francisco, New York City, or Los Angeles, Reno's housing market may be relatively more affordable.  It is important to note that affordability is also influenced by factors such as local median income levels, employment opportunities, and the overall cost of living. In addition, properties tend to go pending within an average of 49 days, making it a fast-moving market.

      Investors have many reasons to consider Reno real estate, including the potential for rental income from the city's growing population, the chance to take advantage of a strong economy with numerous job opportunities, and the possibility of diversifying their investment portfolios with a range of property types, from single-family homes to multi-unit apartment buildings. The city's thriving tourism industry, with numerous entertainment options, including casinos and music festivals, also presents opportunities for investors to benefit from short-term rental income.

      Here are the top reasons to consider investing in Reno real estate:

      Strong Economic Growth:

      Reno's economy has seen a significant boost in recent years, with job growth outpacing the national average. The city's diverse economy includes industries such as healthcare, technology, logistics, and manufacturing, which have all seen growth in recent years. This economic growth has resulted in increased demand for housing, making it an attractive market for real estate investors. Moreover, the city is a hub for tech startups and small businesses, which are continually looking to expand and hire.

      Affordable Housing Market:

      Despite the average home value in Reno being over $500,000, it is still relatively affordable compared to other western cities such as San Francisco and Seattle. This affordability has made Reno an attractive destination for people looking to relocate from more expensive areas, increasing demand for housing and presenting opportunities for real estate investors. Additionally, the city has a wide range of housing options, from single-family homes to condos and townhouses, allowing investors to diversify their portfolios.

      Favorable Tax Environment:

      Nevada has a business-friendly tax environment, with no state income tax and relatively low property taxes. This favorable tax environment can be beneficial for real estate investors, as it can increase potential returns on investment. Moreover, the state's tax structure is favorable to businesses, making it an attractive location for corporations, which can result in increased demand for housing.

      Tourist Destination:

      Reno is a popular tourist destination, attracting visitors to its many attractions, such as Lake Tahoe and the Reno Air Races. This tourism industry can provide a stable source of income for real estate investors through short-term rentals and vacation homes. Furthermore, the city hosts several events and festivals throughout the year, such as the Reno Rodeo, Hot August Nights, and the Great Reno Balloon Race, which can boost the demand for short-term rentals.

      Growing Rental Market:

      As home prices continue to rise, more people are turning to rent as a more affordable housing option. This has resulted in a growing rental market in Reno, making it an attractive market for real estate investors looking to generate passive income. The city's growing economy and population growth also contribute to this trend, providing a stable demand for rental properties.

      Proximity to Major Cities:

      Reno's proximity to major cities such as San Francisco, Sacramento, and Las Vegas makes it an attractive location for businesses and residents alike. This proximity can drive economic growth and increase demand for housing, making it an attractive market for real estate investors. Furthermore, the city's location near Lake Tahoe and the Sierra Nevada mountains makes it an ideal destination for outdoor enthusiasts, contributing to its overall appeal.

      Growing Population:

      Reno's population has been steadily growing in recent years, with an expected growth rate of 2.7% by 2025. This population growth can increase demand for housing, presenting opportunities for real estate investors to capitalize on this trend. Additionally, the city's population growth is driven by both domestic and international migration, providing a diverse pool of potential renters and buyers for real estate investors.

      Buying or selling real estate, for a majority of investors, is one of the most important decisions they will make. Choosing a real estate professional/counselor continues to be a vital part of this process. They are well-informed about critical factors that affect your specific market areas, such as changes in market conditions, market forecasts, consumer attitudes, best locations, timing, and interest rates.

      NORADA REAL ESTATE INVESTMENTS has extensive experience investing in turnkey real estate and cash-flow properties. We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in many other growth markets in the United States. We can help you succeed by minimizing risk and maximizing the profitability of your investment property in Reno.

      Not just limited to Reno or Nevada but you can also invest in some of the best real estate markets in the United States. All you have to do is fill up this form and schedule a consultation at your convenience. We’re standing by to help you take the guesswork out of real estate investing. By researching and structuring complete turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability.

      Las Vegas is another hot real estate market in the state of Nevada. Las Vegas is a hot spot for real estate investment due to its strong economy, growing population, low taxes, and tourism industry. The city's affordable housing market and proximity to major cities like Los Angeles also make it an attractive destination for investors. Additionally, Las Vegas is home to a variety of entertainment options, including casinos, music festivals, and sporting events, which can provide a stable source of income for real estate investors through short-term rentals and vacation homes.

      On the east of Nevada lies the state of Utah, where you can consider investing in Salt Lake City. Salt Lake City is emerging as a hot spot for real estate investment due to its growing population, strong job market, and relatively affordable housing market. The city's diverse economy, which includes industries such as healthcare, education, and technology, has resulted in job growth outpacing the national average.

      This economic growth, combined with the city's stunning natural beauty and recreational opportunities, has attracted people from across the country, driving demand for housing. Salt Lake City's favorable tax environment, with no state income tax and relatively low property taxes, also make it an attractive market for real estate investors looking to maximize their returns. Additionally, the city's growing rental market and proximity to major cities such as Denver and Las Vegas provide further opportunities for investors.

      Let us know which real estate markets in the United States you consider best for real estate investing!


      Remember, caveat emptor still applies when buying a property anywhere. Some of the information contained in this article was pulled from third-party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.

      References

      • https://www.rsar.net/business-reports-tools-1
      • https://www.zillow.com/reno-nv/home-values
      • https://realestate.usnews.com/places/nevada/reno
      • https://www.realtor.com/realestateandhomes-search/Reno_NV/overviww

      Filed Under: Growth Markets, Housing Market

      Illinois Housing Market Forecast: Will Prices Drop in 2023?

      March 19, 2023 by Marco Santarelli

      Illinois Housing Market

      The Illinois housing market has been on an upward trend for the past few years, but as we enter 2023, many are wondering if this trend will continue. With the ongoing pandemic and economic uncertainty, some are predicting a drop in home prices. In this report, we will examine the current state of the Illinois housing market and make a forecast for what we can expect in terms of prices and trends for the rest of 2023.

      Illinois Housing Trends for 2023

      The Illinois housing market experienced a slowdown in sales and median prices in January 2023, which is typical for the winter months. However, the low number of homes for sale provides an opportunity for both buyers and sellers to benefit from the current market conditions.

      According to the data from the Illinois REALTORS®, the median price of homes sold in January 2023 was 1.5 percent lower than the previous year. The monthly median price of $234,000 in January 2023. The average time to sell a home increased from 39 days to 41 days, while the available housing inventory declined by 7.6 percent compared to January 2022.

      Despite the slowdown, real estate experts predict that both sales and prices will increase over the next three months throughout the state. The Freddie Mac data shows that the monthly average commitment rate for a 30-year, fixed-rate mortgage was 6.27 percent in January 2023, which was slightly lower than the previous month.

      In the Chicago area, the president of the Chicago Association of REALTORS® and principal and designated managing broker for Ware Realty Group, Sarah Ware, stated that buyers have their eyes on the spring market with the hope of increased inventory. Sellers, on the other hand, are preparing their homes for the spring market by making necessary repairs and improvements to increase their property's appeal to potential buyers.

      While the current market conditions may seem challenging, both buyers and sellers can still benefit from the low inventory and less frenzied market. As interest rates and prices have both leveled off, buyers can take advantage of a less competitive market, compared to the last two years. Meanwhile, sellers can benefit from less competition with inventory still being at a low level.

      Illinois Housing Market Forecast 2023

      Based on the forecast presented to Illinois Realtors® from UIC Stuart Handler Department of Real Estate, the sales forecast for February, March, and April suggests a yearly decrease of -13.9% to -18.9% for Illinois and -14.9% to -20.1% for the Chicago PMSA. However, there is an expected monthly increase of 22.5% to 30.4% for Illinois and 25.8% to 34.9% for the Chicago PMSA.

      Furthermore, the median price forecast indicates negative annual growth for February, March, and April in Illinois, with a projected change of -1.8% in February, -2.3% in March, and -1.9% in April. Meanwhile, the Chicago PMSA is expected to remain almost unchanged, with a change of 0.2% in February, 0.3% in March, and -0.2% in April.

      For buyers, the forecast indicates a potential opportunity to capitalize on a market slowdown and negotiate better deals. However, it's essential to keep in mind that the market can be unpredictable, and trends may shift quickly. For sellers, it's crucial to be aware of the market conditions and price their properties accordingly to remain competitive.

      While the forecast for the Illinois housing market in 2023 is projecting a decrease in sales and negative growth in median prices on an annual basis, it is important to note that the market is expected to see an increase in sales on a monthly basis. This indicates that the market may experience a short-term recovery as it transitions into the spring selling season. However, it is also worth noting that the decrease in sales on an annual basis may lead to a higher inventory of homes on the market, providing more options for buyers to choose from.

      For sellers, the low inventory levels coupled with the winter slowdown may present opportunities for them to capitalize on the market by selling their homes before the spring season arrives. Meanwhile, buyers may have greater negotiating power due to the increased inventory and slower market. However, buyers should keep in mind that the projected negative growth in median prices may be an advantage for them in terms of affordability but could also lead to less appreciation in the short term.

      Overall, the Illinois housing market is expected to experience a mixed bag of trends in 2023, with a short-term recovery expected in the spring season but a decrease in sales and negative growth in median prices on an annual basis. Both buyers and sellers can take advantage of the market conditions to achieve their real estate goals, but it is important to stay up to date on the latest trends and forecasts to make informed decisions.

      Housing Forecast for MSAs in Illinois

      Zillow, a popular online real estate company, has provided MSA-level forecasts for Illinois. MSA stands for Metropolitan Statistical Area, which is a geographic region that includes a densely populated urban core and surrounding areas that are economically and socially integrated with the core. The forecasts provided by Zillow give an indication of how the real estate market in each MSA is expected to perform over the next few years.

      According to Zillow, the average home value in Illinois is currently $228,698, which represents a 4.9% increase over the past year. Homes in Illinois are going pending in around 22 days, with a median sale-to-list ratio of 0.984. Additionally, 26.7% of sales are over list price, and 59.4% of sales are under list price as of January 31, 2023.

      Looking at the MSA level forecasts, Zillow predicts that the Chicago MSA will see a slight increase of 0.4% in home values by March 31, 2023, followed by a decrease of -0.1% by May 31, 2023, and a more significant decrease of -1.9% by February 29, 2024. In contrast, the Bloomington MSA is expected to see an increase of 0.7% by March 31, 2023, followed by another increase of 0.9% by May 31, 2023, and a slight decrease of -0.7% by February 29, 2024.

      Other MSAs in Illinois, such as Decatur, Dixon, and Taylorville, are expected to see an increase in home values over the forecasted period, while areas like Springfield and Jacksonville are expected to see a decrease in home values. However, it is important to note that these forecasts are not a guarantee of what will happen in the future, as various factors can affect the real estates market, such as economic conditions, government policies, and natural disasters.


      Sources:

      • https://www.illinoisrealtors.org/marketstats/
      • https://fred.stlouisfed.org/series/ILSTHPI#
      • https://www.zillow.com/il/home-values/
      • https://www.neighborhoodscout.com/il/real-estate
      • https://fred.stlouisfed.org/series/ACTLISCOUIL#
      • https://ides.illinois.gov/

      Filed Under: Growth Markets, Housing Market Tagged With: Illinois Housing Market, Illinois Housing Market Forecast, Illinois Housing Prices, Illinois Real Estate, Illinois Real Estate Market

      Cincinnati Housing Market: Prices, Trends, Forecast 2023

      March 19, 2023 by Marco Santarelli

      Cincinnati Housing Market

      Cincinnati, the third-largest city in Ohio, is experiencing a housing market that has been on the rise in recent years. With a growing economy and affordable housing options, Cincinnati is attracting a lot of attention from buyers and investors. In this article, we will explore the current prices, trends, and forecast for the Cincinnati housing market in 2023.

      Cincinnati Housing Market Trends for 2023

      The Greater Cincinnati area has been experiencing a decline in home sales, down 24.8% from the previous year, according to the report released by the Cincinnati Area Board of REALTORS®. However, the market is showing signs of improvement with an increase in active inventory, up 26.3% from the same month last year.

      The median sales price in February 2023 has increased to $230,000, up 4.2% from the previous year. With homes selling quickly and prices on the rise, the market is in need of more listings. Despite this, the median days on the market have increased by 33.3% from the previous year, showing a balanced market for buyers and sellers.

      One reason for the decline in home sales could be the ongoing shortage of inventory, as mentioned by Anne Uchtman, president of the REALTOR® Alliance of Greater Cincinnati. The low inventory levels are driving up prices and creating a competitive market for buyers. As a result, some potential buyers may be hesitant to make a move until the market stabilizes.

      Despite the decline in home sales, the median sales price in February 2023 saw a modest increase of 4.2% to $230,000, indicating that demand remains strong in the region. The median days on the market also increased by 33.3% from the same month the prior year to four days, which may suggest that some buyers are taking a more cautious approach and conducting thorough research before making an offer.

      Looking ahead, the Greater Cincinnati housing market forecast for 2023 remains positive. The region is projected to experience steady growth in home prices, albeit at a slower pace compared to previous years. The rise in prices could incentivize more homeowners to put their properties on the market, which would help address the inventory shortage.

      For sellers, the current market conditions present an opportunity to list their properties and potentially fetch a higher price than in previous years. However, they should be mindful of the competition and work with experienced real estate agents to ensure their properties are priced correctly and marketed effectively.

      For buyers, the competitive market may require some additional effort to secure their desired property. This could include working with an experienced real estate agent who has strong relationships with local brokers and can provide insights into the latest listings. Buyers may also need to be flexible with their preferences and expectations, as properties may sell quickly and require a fast response.

      Overall, the Greater Cincinnati housing market is facing some challenges but remains healthy and promising. The ongoing inventory shortage is a concern, but the strong demand and positive forecast suggest that the region will continue to be a desirable location for real estate investment.

      Cincinnati Housing Market Trends
      Source: Cincinnati Area Board of REALTORS®

      Cincinnati Real Estate Market Forecast 2023-2024

      The Greater Cincinnati area housing market has shown a decrease in sales by 24.8% compared to last year, and the inventory is down by 26.3% in February from January. However, active inventory has gone up by 26.3% from the same month the prior year. Despite this, the median sales price in February 2023 has gone up by 4.2% to $230,000 from $252,250.

      The market is still favorable for sellers with median days on the market at 4, up 33.3% from the same month the prior year. The market seems to be lending itself toward a similar market to this time last year. Listings are still selling quickly, and sales prices are increasing every month.

      Based on the data from Zillow, the average Cincinnati home value is $215,066, up 4.6% over the past year, and the median days to pending is 9, which is a good indicator that the market is favorable for sellers. The median sale-to-list ratio is at 0.990, which is lower than last year. The percentage of sales over list price is at 31.6%, which indicates that buyers still have some bargaining power. On the other hand, the percentage of sales under list price is at 53.5%, which suggests that buyers can still negotiate to some extent.

      Looking at the MSA level forecast data, Cincinnati's housing market is predicted to grow at a modest pace. According to the data, the market will grow at a rate of 0.4% by March 2023, 0.5% by May 2023, and 1.1% by February 2024. While the market is not expected to experience significant growth, it is still forecasted to grow at a steady pace, which is good news for sellers.

      In conclusion, the Greater Cincinnati area housing market is still favorable for sellers despite the decrease in sales compared to last year. The median sales price has gone up, and the median days to pending is low, indicating that buyers are still active in the market. However, the market is still showing some signs of balance as buyers can still negotiate to some extent. The forecasted growth of the housing market is steady, which is good news for those looking to invest in the area.

      Cincinnati Real Estate Market
      Credits: Zillow

      Cincinnati Real Estate Investment Overview

      Cincinnati is a bustling city located in the southwest corner of Ohio, known for its strong economy, diverse culture, and affordable cost of living. The Cincinnati real estate market has seen steady growth in recent years, with home values increasing by 4.6% over the past year, according to Zillow.

      Despite a slight decrease in home sales in February 2023 compared to the previous year, the market is expected to remain stable and strong throughout 2023 and 2024. With median days on the market of just 9 days and a high percentage of sales under list price, Cincinnati is a seller's market, indicating that it may be an advantageous time for sellers to list their properties.

      Investors interested in the Cincinnati real estate market can benefit from the area's diverse range of neighborhoods, from the upscale and trendy Over-the-Rhine district to the more affordable suburban areas like Paddock Hills and Winton Place. The city's economy is thriving, with a strong job market and low unemployment rates, making it an attractive option for those seeking to relocate or invest.

      Here are top reasons why Cincinnati's MSA real estate market may be a smart investment:

      Strong Economic Growth:

      Cincinnati's economy has been growing steadily, with a low unemployment rate of 3.6% and a diverse range of industries, including healthcare, education, finance, and manufacturing. According to the Bureau of Economic Analysis, Cincinnati's gross domestic product (GDP) has grown by 6.5% from 2016 to 2021, outpacing the national average of 4.6%. This economic growth has led to a strong demand for housing, making Cincinnati an attractive market for real estate investors.

      Affordable Housing Market:

      Cincinnati's housing market is relatively affordable compared to other major metropolitan areas in the United States. According to Zillow, the median home value in Cincinnati is $215,066, which is below the national median value. This affordability, combined with the city's strong economy and low cost of living, makes it an attractive option for young professionals and families.

      Strong Rental Market:

      Cincinnati has a strong rental market, with a vacancy rate of only 3.6% and average rent prices of $1,128 per month, according to RentCafe. Additionally, Cincinnati is home to several major universities, including the University of Cincinnati and Xavier University, which provide a consistent stream of rental demand from students and faculty.

      Growing Population:

      Cincinnati's population has been growing steadily over the past decade, with a population of over 2.1 million people in the metropolitan statistical area (MSA) in 2021. According to the U.S. Census Bureau, the population of the Cincinnati MSA is projected to increase by 3.1% from 2020 to 2030. This growing population, combined with a strong economy and affordable housing market, makes Cincinnati a prime location for real estate investment.

      Infrastructure and Transportation:

      Cincinnati has a well-developed transportation infrastructure, including a major airport, several major highways, and a robust public transportation system. Additionally, the city has invested heavily in infrastructure projects, such as the Cincinnati Bell Connector streetcar, which connects several neighborhoods in the city. This infrastructure and transportation network make it easier for residents to commute and access amenities, which further increases the demand for real estate in the area.

      Stable Real Estate Market:

      Cincinnati's real estate market has remained stable over the past decade, with steady appreciation rates and low volatility. According to Zillow, the Cincinnati housing market has appreciated by 4.6% over the past year, which is in line with the national average. This stability makes Cincinnati an attractive option for real estate investors who are looking for a steady return on their investment.

      Growing Tech Industry:

      Cincinnati's tech industry has been growing rapidly in recent years, with several tech startups and established companies calling the city home. According to CBRE's Tech Talent Report, Cincinnati ranks 27th out of 50 U.S. cities for tech talent, with a 13.1% growth rate in tech jobs from 2015 to 2020. This growing tech industry provides a stable source of employment and further drives the demand for housing in the city.

      In conclusion, Cincinnati's strong economy, the affordable housing market, strong rental market, growing population, infrastructure and transportation network, stable real estate market, and growing tech industry make it an attractive location for real estate investors. Whether you're looking to buy and hold rental properties or flip houses for a quick profit, Cincinnati's real estate market offers plenty of opportunities for savvy investors.

      Buying or selling real estate, for a majority of investors, is one of the most important decisions they will make. Choosing a real estate professional/counselor continues to be a vital part of this process. They are well-informed about critical factors that affect your specific market areas, such as changes in market conditions, market forecasts, consumer attitudes, best locations, timing, and interest rates.

      NORADA REAL ESTATE INVESTMENTS has extensive experience investing in turnkey real estate and cash-flow properties. We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in many other growth markets in the United States. We can help you succeed by minimizing risk and maximizing the profitability of your investment property in Cincinnati.

      Consult with one of the investment counselors who can help build you a custom portfolio of Cincinnati turnkey properties. These are “Cash-Flow Rental Properties” located in some of the best neighborhoods of Cincinnati.

      Not just limited to Cincinnati or Ohio but you can also invest in some of the best real estate markets in the United States. All you have to do is fill up this form and schedule a consultation at your convenience. We’re standing by to help you take the guesswork out of real estate investing. By researching and structuring complete Cincinnati turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability.

      There are many other markets in the state of Ohio for real estate investing. Columbus is one of them. The Columbus real estate market is a bright spot in a declining region. It mixes smart redevelopment, quality of life, and growth to create a stable, slow-growing market that will be thriving well into the foreseeable future. If you’re looking to buy Columbus investment properties, it makes sense to do so when inventory levels are relatively high, like in the current phase of the pandemic. The surplus of available opportunities can lead to softer negotiations with sellers. Columbus has a lower cost of living than the national average.

      Cleveland is another good market to invest in real estate. Cleveland is a notable exception to the decline of the Rust Belt cities. It has managed to reinvent itself, shifting from classic manufacturing to biotech and medicine. In the process, it has maintained its population and has strong potential for growth both economically and demographically.

      Let us know which real estate markets you consider best for real estate investing!


      Remember, caveat emptor still applies when buying a property anywhere. Some of the information contained in this article was pulled from third-party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.

      REFERENCES

      • https://www.cabr.org/category/homesales
      • https://www.zillow.com/Cincinnati-oh/home-values
      • https://www.neighborhoodscout.com/oh/cincinnati/real-estate
      • https://www.littlebighomes.com/real-estate-cincinnati.html
      • https://www.realtor.com/realestateandhomes-search/Cincinnati_OH/overview

      Filed Under: Growth Markets, Housing Market, Real Estate Investing

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