Hottest US Markets for Investing in 2014
Property buying is probably the biggest investment you are likely to make in your lifetime. So, you definitely don’t want to make poor property buying decision. The biggest reason for poor real estate investment is that investors often fail to analyze the housing market trends including the past, prevailing and the future trends.
However, forecasting the real estate market trends accurately is practically impossible because one can never be 100% sure of the housing market swings. The market can surge or take a downward dip when least expected. But, there are some factors that can actually help identify the market movement and lower the risk of investment, if not eliminate it completely.
These factors include fast employment growth, spur in new home construction projects, decline in consumer debt and escalating property values. By analyzing real estate markets on these factors, you can make an informed property investment decision.
Whether you are thinking of buying apartments on the US turf and diversify your investment portfolio or you are thinking of buying multiple family homes and renting them out to generate a new stream of revenues and build your equity, read on to find out the hottest real estate market for 2014 and ensure your investment offers high returns.
According to Zillow, the average house value in the US is expected to go up by 4.6% in the coming years, which means this is the perfect time to strike a profitable investment.
Hottest Real Estate Markets
Here are some of the many US real estate markets that are heating up. These markets present attractive investment opportunities for real estate buyers and investors:
Yuba City California
Located in the northern California in Sutter County, Yuba City was also one of the markets that was affected badly by the historic US housing meltdown and because of that tons of homes were seized in foreclosure. Not only are these homes are currently selling at low market value which presents great investment opportunities for investors but the good news is that the city’s real estate market is also recovering rapidly. It is expected to bounce back and experience 20.3% (double digit) market gain in the year 2014. The factors that are expected to contribute to its speedy market recovery are rapid improvement in employment. The increase in employment opportunities in Yuba is attracting workforce that is ready to relocate and move here on rent.
Charlotte, North Carolina
Charlotte, NC is one of the hottest markets for investors. The market is in the upward swing and what’s even better is that it is expected to surge in the coming years. The factors that have attributed its growth are phenomenal 3.3% employment growth, strong education system, growing medical sector and construction permits up by 86%.
Atlanta, Georgia
Located in Georgia, Atlanta’s housing market is on the speedy road to recovery. This market is heating up and is considered to be the perfect place for Canadian investors to invest their money in apartments, single family homes and even multiple family homes. The city is a commercial hub, and has a high level of educated workforce. These factors have helped Atlanta get back on track after the housing market collapse and become one of the hottest markets for both local and foreign investors. Tons of homes on foreclosures are currently on sale at record low prices.
Comments (2)
thanks for this article, great information. Same here Jordan.
Jay S., over 10 years ago
Keep up the good work!
I love reading about market trends.
Jordan Archer, over 10 years ago