Since every home buyer wants to make a smart investment, Hochfelder decided to help new buyers by sharing some of his valuable real estate insight. So, whether you’re planning to join the real-estate business or simply looking for a place to live before you invest in a property, it’s important to learn more about the housing markets you’re considering. Home prices and rental rates vary widely across the U.S. based on supply and demand.
Based on supply and demand, home prices and rental rates vary widely across the U.S. To determine the best real-estate markets in the U.S., Adam compared more than 300 housing markets. For every city on the list, Mr. Hochfelder expects home prices to grow by at least 17% by 2020. Without further ado, these are the markets where population, jobs and home prices are growing: Nashville, Tampa, Salt Lake City, Seattle, Orlando, Jacksonville, and Dallas.
According to Adam Hochfelder, the housing trend also depends on the movement of baby boomers and their demand for new places to live for their retirement. Housing demand could also be affected by professionals in the science fields moving into some of the fastest growing markets.