The real estate market constantly changes as economic growth hits different geographical areas. For this reason, many cities are witnessing rapid growth in population and real estate. Establishing a mature housing market takes years and years. As a matter of fact, many real estate development companies are taking on urban development as a strategy. This can be mainly attributed to expansion and the never-ending need for office space and housing. It’s important for real estate investors to focus their resources on markets that are destined for growth: emerging real estate markets. It’s only logical that an area with economic growth will give you a better return on investment, if done right. Real estate investors are constantly looking for emerging real estate markets to invest in, as knowing the best places to invest in real estate can help you in identifying any lucrative market opportunities available for seizure.
What are the emerging real estate markets?
Fort Lauderdale, FL
Fort Lauderdale has been constantly associated with Miami’s nightlife and beach scenes. Well, that’s not the case anymore! Fort Lauderdale is shaping up to be one of the best destinations in South Florida. Construction projects are never over, and many apartment buildings are under construction. The rising housing market consists of luxury apartment units and vacation rentals.
It comes as no surprise that the rising towers in Fort Lauderdale’s skyline are an indication of an upward arrow for growth. The city’s attractions are becoming a lot more than a beach destination and swaying it to be grouped with other emerging real estate markets.
Related: Best Neighborhoods to Invest in Fort Lauderdale Real Estate Market
The rising towers in Fort Lauderdale in Florida indicates an upward growth trend, making it one the best emerging real estate markets for investment in 2018.
Dallas, TX
Dallas is the next one on the list! It has proven to be worthy of massive economic growth and definitely one of the emerging real estate markets in the US. More and more housing units are being built yearly. The residential real estate market and the commercial real estate market is blossoming. Additionally, many companies are seeing the potential in Dallas; Toyota realized the great real estate market opportunity and moved its headquarters to the Panther City. Job growth and economic prosperity are the words used to describe Dallas’ economic situation.
The welcoming environment that Texas holds attracts both domestic and foreign investors into the state. In addition to that, the diverse industries in Texas keep industrial properties in demand and that reflects onto Dallas. In fact, buying an investment property in Dallas is very common among local real estate investors as they know the ins and outs of the local real estate market.
Related: The Best Real Estate Investment Opportunities in the Dallas Real Estate Market.
Denver, CO
The Denver region is witnessing growth from all angles; buildings are getting taller and urbanization is spreading between the high peaks of the mountains. Consequently, real estate investors consider Denver to be one of the best real estate investment markets. Neighborhoods are continuing to expand, and the demand is high!
According to the Federal Housing Administration, Colorado ranked 10th from a home appreciation perspective. Accordingly, prices in Colorado in general and in Denver specifically are rising due to constant economic growth and low unemployment. Consider Denver for out-of-state real estate investing, it won’t be a miss!
Charlotte, NC
Charlotte has proven to be worthy of being on this list by demonstrating to be a strong migration attraction. The local economy is a strong one with more and more room to grow. Otherwise, many real estate experts wouldn’t have considered Charlotte to be a part of the emerging real estate markets.
Charlotte has a high rent growth, making it suitable for buying a rental property. Rental properties seem to dominate the Charlotte real estate investment market as the population growth allows for more and more rental units to enter the market. Charlotte has witnessed a population growth of 15% in the last 5 years. As a result, the number of rentals is increasing along with the population. After all, those migrants will probably rent for a while before they buy a property.
Related: What You Need to Know About Charlotte Real Estate.
Sacramento, CA
Last but not least, California hits emerging real estate markets from all angles; the constant economic growth, more jobs created, and more population growth. Therefore, all these factors come together to make California a solid choice for real estate investments. To go more specifically into California, the Sacramento real estate market is growing and not showing any signs of backing down.
Sacramento has become a haven for people escaping from the inflated prices of San Francisco’s real estate market. Furthermore, the real estate prices are reasonable and affordable. This has created a wave of migration towards Sacramento, making it one of the best emerging real estate markets. If you are a resident of San Francisco’s bay area, you won’t go wrong with Sacramento real estate.
Related: Should I Buy a Vacation Home in Sacramento, CA?
How can real estate investors make sure they’re getting their money’s worth in any of the emerging real estate markets?
Real estate investors are known for being critical thinkers and quite often pessimistic. While it would be wise to think of an investment from every angle, successful real estate investors rely heavily on technology and real estate data to make their real estate investment decisions, and so should you! Whether you’re investing in Dallas or Sacramento, you won’t go wrong with a real estate market analysis. It eases your troubles and offers you an insight into what any prospective property’s market value actually is.
In addition to that, it helps in guiding you to find the best rental strategy for your property. We recommend real estate investors use Mashvisor’s real estate market analysis and heatmap analysis to have an overall forecast of today’s real estate. Additionally, Mashvisor also offers a comprehensive rental property calculator to help aid you in finding a rental strategy that works for your property. As a matter of fact, Mashvisor’s real estate investing tools combine technology with real estate to make any real estate investment decisions informed and sturdy.
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Real estate investing requires investors to always stay up-to-date with any new trends and information. Emerging real estate markets will change every decade or so as the real estate market will begin to mature in that area. Be that as it may, it doesn’t matter if you’re investing in income properties or a home for yourself. It’s always a good idea to invest in an emerging market as the prices will continue to increase along with the value of your investment property.