The real estate market is heating up. Of course, some markets are hotter than others and have been seeing sales surge in recent months.
Plenty of metropolitan areas in North America are reaching new heights in property sales and are on the verge of popping before your very eyes. Below, 15 members, Forbes Real Estate Council share what cities are currently worth considering a real estate investment.
1. Downtown Los Angeles
Downtown Los Angeles used to be unsafe, but in the past three years, the city has taken huge steps to make it safer. There are guards patrolling the streets on bicycles. With the Olympics coming to Los Angeles in 2028, tech companies moving to LA because of price rise in the Bay Area and a shortage of space in other parts of LA, the gentrification of DTLA is inevitable. – Nikhil Choudhary, Zenith Engineers Inc
2. Austin, Texas
Austin has a relatively low cost of living, educated workforce and enviable quality of life. With over 2 million residents and people flocking, Austin has a critical mass to withstand the test of time and, along with it, some serious mojo. A commercial real estate is on fire. Those who allow extra time for approvals, and room for property taxes, should be well positioned for the future. – Stephen Clark, Clark Investment Group
3. Houston And Dallas
Houston and Dallas are both seeing rental growth in B and C class product. However, the available inventory of investment properties is limited at the moment — and that’s all the more reason to have your alerts set and be on your local brokers’ mailing lists. – Caroline Kane, CKR Property Management, LLC
Foreign buyers have dropped $7.5 billion on homes in the U.S. costs over $1 million, with 40% of those purchases in Miami, Los Angeles, and Manhattan, according to The Real Deal. A whopping 25% of the total was in Miami, the reason being Miami’s tax advantage and, most importantly, the price per square foot, which is substantially lower than average. I would advise considering South Florida. – Gabriel Souza, Ictus Group at Decorus Realty
We continue to find opportunities to acquire properties in the Southwest that are underperforming, not due to location or the economy, but lack of engaged owners and managers. Arizona continues to attract new residents and companies seeking lower taxes and a friendlier business climate than in the Midwest or on the East and West Coasts. – Brion Crum, Caliber:The Wealth Development Company
Atlanta is a great market to invest in. It is home to many large corporations such as Coca-Cola, Delta and the Home Depot (and hopefully the second headquarters for Amazon) so it has plenty of potential investors with a great renter profile — they have great jobs and are willing to pay more for rent. The cost of living in the city is also low, so your money goes much further for you. – Ali Jamal,Stable gold Hospitality
7. Memphis, Tennessee
Memphis, Tennessee has consistently offered value and growth. There are viable investments in most U.S. cities. What is important is not overpaying. Look at the numbers, be sure you can make money even if the market doesn’t grow or dips a little temporarily. Know your fundamentals, including demand versus supply, level of affordability, rent trends and availability of mortgage credit. – Kent Clothier,Real Estate Worldwide
Courtesy of forbes.com and credit to Forbes real estate council
How I Did 110 Transactions A Year With NO Assistants…And You Can Too… Get My Case Study Now>> https://www.myinvestmentservices.com/gift/
“Guiding You to Massive New Wealth in Real Estate in 1 Year or Less Guaranteed!”