The Real Estate market industry can be considered as one of the the largest investment sectors within United States. The prices are skyrocketing and there is a tremendous competition within the industry as well. Historically, 90% of all millionaires made their money investing in real estate. Some of the real estate markets in United States are associated with more significance when compared to others. Here is a list of top 5 such real estate markets that you need to keep an eye on. If you are interested in venturing into real estate investing in 2018, you need to take a look at these markets. They can deliver the best results to you out of your investment.
The real estate market that you can see in Las Vegas is streaming ahead in a nice track. Real estate prices in Vegas would definitely increase in 2018. According to an article that was published in the Las Vegas Review Journal, it is identified that the real estate prices would increase somewhere in between 8% to 12% within 2018. This depends on the mixture of total properties that will be sold in Vegas. According to another study conducted by the National Association of Realtors, the real estate prices was expected to increase by 5.4% in 2017. By taking a look at the current stats, it is clear that the prices have increased over the predicted percentage limits. In fact, the average real estate values in Vegas have been increased by 11.6% within the past 12 months. Therefore, it is possible for us to keep high hopes on the future predictions. On the other hand, people will find it as an easy task to invest their money on real estate in Vegas during 2018. That’s because credit is available for the people to obtain with minimum hassle. Interested home buyers can obtain credit at an extremely low rate of 3% as well.
Nashville had one of the hottest real estate industries during 2017. This is expected to get carried forward during 2018 as well. We could see an appreciation of real estate prices by 4.3% in 2017. It will further increase during the next few months and will continue throughout 2018. Nashville isn’t all about country music. It has got one of the fastest growing healthcare industries. The healthcare industry in Nashville is fueling up income, employment and overall growth of economy. Young professionals tend to stay within Nashville for the high living conditions that are being offered to them. This fact has been proven from a study that was conducted by the Chamber of Commerce as well. In Nashville, the income growth is increasing at an impressive rate of 1.1% per annum. The unemployment rate within Nashville is significantly low as well. All these factors contribute towards the development of the real estate industry at the end of the day.
Seattle can be considered as an expensive city. However, it has got one of the fastest growing real estate industries as well. In the meantime, predictions say that the living cost in Seattle would further increase in 2018. This would not create a major impact on the real estate prices. There is a housing crisis within the Northwestern City of Seattle. Development of tech companies based on Seattle, such as Amazon have contributed towards this fact. These companies are recruiting a lot of employees and the demand for houses increase. This pushes the real estate industry in upward direction. In the meantime local publications have stated that the local housing stocks are no longer available for them because of the increasing number of settlers who come from other parts of the world. If this trend continues to grow, there would be a massive competition for houses in Seattle. This would definitely make Seattle as one of the hottest real estate markets in 2018.
Salt Lake City
Real estate industry in Salt Lake City has increased by 4.3% within 2017. This trend will continue in 2018, which would make it as one of the best real estate markets. Salt Lake City can be considered as the home to University of Utah. Therefore, the entire city is having an educated population. This attracts some of the well-known employers into the city. Delta Airlines and Marriott have already come into Salt Lake City to recruit the talented and skilled labor that can be found in here. On the other hand, a large number of successful business startups can also be found in Salt Lake City. Due to all these reasons, Salt Lake City is expected to become the next Silicon Valley within United States. The average income of people in the area is increasing about 1% per year. The city has got the lowest unemployment rates as well, which sits at just 2.8%.
As per the reports of https://www.zillow.com/, real estate prices in Ogden were expected to increase by 4.7% in 2017. Current stats prove that it has already been surpassed. Therefore, it is possible for the people to keep high hopes on the appreciation of overall industry in 2018 as well. Ogden is located about 40 miles away from Salt Lake City. This city has received much attention for its accessibility provided to outdoors activities. People who live in Ogden will be able to take part in a variety of outdoor activities such as biking, climbing and skiing. As per Outside Magazine, Ogden was named as one of the best cities available in United States for the people who love outdoor adventures to live. This can be considered as the main reason behind the increasing popularity of real estate industry in Ogden. The unemployment rate of Ogden is extremely low as well and the income of people is increasing at a rate of 1% annually.