Top Five US Real Estate Markets
Texas is hot. Not only in terms of what the thermometer says, but also in terms of real estate. Three of the top five real estate markets in the US right now are in the Lone Star State. But if the open plains or the Gulf Coast don’t appeal to you, don’t worry, there are other cities to consider. Let’s dig in to find out more about the five best bets for real estate.
1.Denver. Now that the economy is picking up, home prices and demand for homes are increasing in the beautiful Mile High City. Unlike pre-recession levels, however, oil companies don’t dominate the job market as much as they once did, so Denver’s economy isn’t as volatile as it once was. Also, housing areas across the country that fell the most when the recession hit were the first to start to recover. Once those areas balanced out, it was time for other markets to grow. Denver has seen home sales increase 4.6% over the past year, and home prices rise 9.2% in the same time period, making it one of the hottest real estate markets.
2. Saint Anthony. Texas’ first entry is for an area with a strong economy and reasonable housing prices. Home prices here are still up 4.3% from 2014 levels, and overall sales are up 5.5%. San Antonio has also outperformed the nation in terms of job growth, posting an unemployment rate of just 4% earlier this year thanks to the addition of additional business types besides oil, thereby reducing instability In the economy.
3. San Jose. It has been well noted recently that the entire Bay Area has been extremely popular in terms of housing. Bidding wars for houses have broken out, and houses are selling within days of going on the market, even those that need repairs. San Jose, just south of San Francisco, has a median home price of more than $680,000. Hi-tech is king once again, and that draws people to the area. Workers are looking for places to live, leading experts to predict that home sales will increase 7% this year from 2014.
4.Dallas. Next in step three Texas is the home of the Cowboys. In recent years, the price of oil has fluctuated, but Dallas has struggled to stay strong despite the shuffle it’s dealt. They have added jobs at a rate that exceeds the national recovery, and home sales are back to pre-recession levels. Prices in Dallas increased 7.3% over last year, and the predictions are that these economic indicators will hold true for a while.
5. Houston. Houston completes the Texas trifecta despite being the only city on the list that hasn’t diversified much in employment outside of the oil industry. Fueled by the fact that Texas is attracting more people than any other state, home sales are expected to be 5% higher this year than in 2014.
There are several honorable mentions, such as Des Moines and Minneapolis, the latter of which is a big draw for younger homebuyers, but these five cities will set the trend this year and help the overall real estate market look brighter. for some time.