A recent Forbes article listed the top 20 best cities to invest in real estate, well you know that idea caught our attention! The top two cities are in our area! Three of the 20 are in our state! Yahoo good news for our real estate market and economy!
Before we reveal the cities mentioned in the article it is important to know how these top 20 cities were chosen. Local Market Monitor and Forbes teamed up to review and rate local markets. Local Market Monitor tracks home prices and economic factors in more than 300 housing markets; they pulled data for the largest 100 metropolitan statistical areas with populations of at least 575,000. From there the choices were ranked primarily on population, home prices, local jobs, economy. The Best Buy Cities have high population and job growth with relatively low home prices which makes them a fairly low-risk investment opportunity.
The economic cycle is at a point where job growth and demand for housing is accelerating in many markets. Typically the jobs created are often lower-paying and most suitable for renters which is ideal for investors.
Fort Worth/Arlington & Dallas/Plano/Irving were the top two Best Buy Cities. Both areas offer homes that would be within reach for middle-class Americans with average home prices at $168,383 in Fort Worth and $180,645 in greater Dallas. Fort Worth prices are considered to be 20% below their actual value; Dallas is about 12% off actual value. Both areas are expected about 29% over the next three years. Dallas is the fastest-growing city of all 20 Best Buy Cities with a growth rate of 6.1% per year.
Investors, first time home buyers now is the time to act! Contact us and put our years of experience to work for you!
Helping you buy your home is our goal,
Getting you through the process is our expertise!
Plano Texas Homes For Sale
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