Advice on best areas for real estate growth potential?

Question

Hi all,

I was wondering if some people would mind supplying their opinions on strong real estate areas for growth potential. For example, what the Boston suburbs were 10-15 years ago. What are your opinions on areas in the country that will be "absorbed" into a city's price structure 10-15 years from now, but is affordable now? I've heard North Carolina and Viriginia are the prime spots right now...does anyone know what areas there fit this bill? Or anywhere else in the country? Love to hear your thoughts and ideas.

Answer 1

As the baby boomers age, watch where they begin to move. They are quite possibly THE largest age group alive today.

And watch where they have already begun to move. More temperate climates like the Carolinas, Arizona, Florida, etc., still have affordable land, and as the population of relatively soon to be senior citizens grows, so will these areas. Las Vegas is another city that probably will continue to have significant growth over the next 10-15 years.

And there is only so much land (they aren't making any more of it), so as more and more people buy and develop land, the supply will go down and values, as a result, will escalate.

Answer 2

Looking at affordability is an important consideration. The hot spots of the last 3 decades are getting priced so high only a few can afford them. (Florida, California) Nevada and Arizona are still doing well, but my bet is they are near the peak due to affordability. I like San Antonio, TX. Houses are affordable, the climate is great in the winter and there are a lot of things to do for those retiring baby boomers. Plus, industry is growing there at a good clip. Toyota just built a new plant there. The health industry is one of the major employment factors as well as having a military base and tourism. Compared to a lot of other places, you can buy 3-4 houses for the price of one in some of the aforementioned locations.

Answer 3

verify Austin on any national web content to work out how the real sources marketplace relatively is in Austin. Have some money stored up, being a real sources agent is the comparable as commencing your guy or woman organization. What you'll want money for: a million. genuine sources college $2 hundred - $3 hundred, 2. examination $one hundred, 3. organization enjoying cards, $one hundred, 4. photographs $one hundred, 5. MLS value would desire to be $3 hundred. 5. a advantageous vehicle and gasoline, appropriate coverage, you will would desire to replace your coverage company. 6. money to stay to tell the tale until you initiate receiving a value, it would desire to be months formerly you relatively make any money.

Answer 4

Go grab the last issue of "Fortune" (the one with the gold bar on it)... it has a 10 page article on the Top 100 real-estate markets in the nation. and expected growth and decline.