Hot Markets for Your Next Commercial Loan & WHY
With 2023 right around the corner, real estate investors everywhere are in the process of finalizing their strategy for the upcoming year. Location is one of the most significant factors when it comes to the long-term viability of property assets—which makes it essential to do your homework ahead of time and pick investments in areas that have the potential to produce passive revenue on a consistent basis. There has been a considerable degree of market volatility over the past few years; however, with inventory levels slowly starting to stabilize, investors should expect to find a broader range of promising opportunities. To help get your property search off to a strong start, the team of financial experts at Express Capital Financing have compiled the following list of top-performing markets around the country you should consider when deciding on your next investment venture.
Myrtle Beach, South Carolina
Based on data reported by Zillow, home prices in sunny Myrtle Beach have appreciated by an astounding 26% over the course of 2022 alone and are showing no signs of slowing down for the foreseeable future—especially with the U.S. News and World Report naming this East-coast getaway as the projected fastest-growing city in the country. The cost-of-living is relatively affordable and the idyllic beach scenery is an added bonus sure to continue to draw new residents and vacation-goers alike for years to come, all of whom will be on the lookout for flexible accommodations for both short- and long-term stays.
Colorado Springs, Colorado
Picked by U.S. News and World Report as the runner-up in the Best Place to Live awards last year, this Midwest city is surrounded by breathtaking views in every direction. For nature lovers, there are year-round recreational activities to include hiking, skiing and canoeing on the nearby Colorado River. Ideally located a mere hour’s drive to the south of Denver, this area has a lot to offer at an affordable price point—which is sure to draw potential homebuyers’ attention given the recent uptick in telework positions.
Atlanta, Georgia
Multiple online real estate platforms including Zillow and CommercialCafe ranked Atlanta as the best city for millennials, as this southern urban hub has plenty of employment opportunities and a trendy social scene to boot. Atlanta is also known for its commitment to ‘green commuting’ options and accessible high-speed internet. With a fast-growing population and diversified economy, the city is sure to be a smart investment location for the long-term.
McAllen, Texas
With a median home value of $213,885 that is well below the national average, McAllen is a budget-friendly investment market where homebuyers can get more bang for their buck without having to sacrifice on quality of life. A booming local economy, diverse culture and lively downtown district with ample dining and social activities make this south-Texas community one to keep an eye on when planning future investment projects.
Chesterbrook, Pennsylvania
This suburban community on the outskirts of Philadelphia consistently ranks on the best places to live in terms of the quality of the local school systems, low unemployment rates and excellent job opportunities. With nearby Valley Forge National Historical Park offering plenty of outdoor fun and the big-city amenities in the city of Brotherly Love only a short drive away, future tenants and those in the market to purchase a home in this award-winning community will be flocking to the area for the foreseeable future.
The Capital You Need, When You Need It
Express Capital Financing specializes in providing fast and efficient financing solutions for savvy investors around the country. Having the ability to tap into reliably access capital to quickly close transactions provided our clients a distinct competitive edge in the marketplace, allowing them to optimize returns and scale their businesses sustainably. Contact us today to learn more about how we can help you take your investment plans to the next level!
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