High growth markets research

[Sam Sala]

Hey,

I am researching high growth markets in the below states and I wanted to get your thoughts on which websites you recommend I look at to find the information. 

A-Florida

B-New York

C-New Jersey

D-Pennsylvania

E-Connecticut

Your input is appreciated.

Thank you

[James LaPosta]

Hi @Sam Sala,

I agree with @Jason Sinclair that Union City is great but also wouldn't consider it high growth anymore. I have experienced some of the appreciation since I own a 2 family there and am looking for another. The appreciation definitely exploded over the last few years but it has peaked. Prices began to stabilize in 2019, after strong appreciation from 2012-2018. Sellers are listing properties at inflated prices now to cash in on the appreciation while they still can. In my opinion there isn't much room for values to grow anymore because rents haven't risen as much as values due to tenant friendly local government. With more rent control laws and a notoriously bad building department, investors are having a hard time justifying the high prices due to the headache and lack of upside. The area is still a good bet just based on proximity to NYC and Hoboken but I don't think it will be "high growth" again until the city opens up more for development like Jersey City did but I don't see that happening anytime soon...