Best Places to Buy Real Estate

If you are considering buying a real estate property, enlightening yourself with the best real estate market in the country could go a long way in preparing you to invest in your first buy-and-hold asset. Aside from being some of the best places to buy real estate, today’s famous places to buy real estate can teach us a lot about how to invest in peculiar locations such as –

. Orlando, Florida

Orlando, Florida is one of the fastest-growing metropolitan regions in the nation. This city is ranked as the number 1 city to buy a house 3 years in a row, by Forbes. Orlando is acknowledged for being an economical location with plenty of social and economic benefits. With about 2.6 million residents, the Orlando population has steadily grown 252% faster than the national average over the past 8 years. On top of population growth, Orlando job growth is one of the outstanding in the country, with a 3.44% 1 year job growth rate and over 45,000 new jobs created in the last year. 

. Seattle, Washington

Seattle housing market is considered to be one of the best places to buy real estate property over the last two years. Increasing job opportunities in the technology sector have resulted in massive population increase and subsequent housing activity. Growing demand has quickly turned into competition, as more and more people are seeking to take assets of historically low borrowing costs. Heading into 2022, Seattle real estate market will have around 2.8 weeks of supply. A healthy, balanced market will customarily boast about six months of inventory, which leaves real estate in Seattle well below where it wants to be. 

. Fort Lauderdale, Florida

Steady population growth and retirees with unrestricted income may help real estate investors in Florida City earn gross rental yields of nearly 10% last year, with household growth expected to reach 2.7% by the end of 2022.

. Atlanta, Georgia

Atlanta, Georgia is known as the third largest metropolitan region in the southeast. It is seen that Atlanta’s population has grown by 12.18% in the last 8 years, which is 111% faster than the national average of 5.76%. Apart from this, many tech-based and financial companies such as Google and BlackRock are flourishing in Atlanta, helping to accord to the area’s annual job growth rate of 2.15%. 

. Tampa Bay, Florida

Tampa Bay is considered one of the best places to buy real estate property last year. The momentum Tampa Bay was able to frame last year appears ready and enthusiastic to carry over into 2022. However, the real acumen why Tampa Bay looks to remain one of the outstanding real estate markets in 2022 is because of available inventory. Some of the latest numbers released by the Florida real estate market endorse that the active listings are down by 19.9% which leaves Tampa Bay with a mere 1.6 months of inventory. This distinct lack of listing means that even buyers with enough money cannot find a home to buy. Therefore, the people who are not able to buy will be forced to rent the real estate property. With so few homes for sale, landlords in Tampa will most feasible to see a surge in interest and be able to increase their rental rates more than in years past.