Location, location, location. You have likely heard that bit of real estate advice repeatedly and with good reason. Location is widely recognized to have a tremendous impact on the value of any real estate investment, so how can you determine a good location?
One of the most simple and often overlooked real estate investing strategies is to seek out high growth areas and avoid those areas with declining populations. Not sure which locations are growing? Don't worry! We are here to help!
According to recent data published by the U.S. Census, the top projected growth markets for the USA between now and 2030 are as follows:
Notice that it's GROWTH, not the total population but rather the percentage of population increase.
While selecting a growing or contracting market is one piece of the puzzle when it comes to making an informed real estate investment decision, it’s not the only one. House prices, location, and return are each important aspects when making any decision. Always work with a professional who understands the local market. If you don't have an agent or broker, visit homeandland.com to use the convenient agent finder.
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