Top Cities in The United States To Invest In
It is no secret that the economy is not what it used to be. Things have become more expensive, salaries are pretty much the same, and you just get the feeling of being under a financial burden all the time. What you could pay for a $100 around 10 years ago is not what you can buy today.
This is why people have begun to turn to investments to guarantee their futures would have a steady plan and to just sleep better at night. Having a personal investment, your day job aside, is the only way to shield yourself from the woes of whatever is going on out there in a fluctuating economy. But what is the best investment in the United States right now? The answer would definitely have to be real estate.
Why invest in real estate?
The real estate market is the best out there for you to invest your money in, and for good reason. After the financial crisis of 2008, property prices have dropped drastically and have been suffering to make a comeback ever since. Some real estate values have dropped over half! Still, real estate is definitely making a comeback, and prices have begun to surge up again. True, they’ve yet to regain their former glory, but if you are looking for the perfect investment, now is the time. If you wait too long, the prices may very well be out of your reach.
Real estate is also the safest option out there for your money. It does not have the risk factors associated with other markets like stocks, which are liable to plummet at any second, without any necessary precursors. Real estate, however, does not share that problem. The property value is going to only go up, and in a few years, it will probably be worth a lot more than what you got it for.
That is one of the benefits of real estate; you can see your money in a tangible manner, right in front of you, and most probably it would only get more valuable with time. There’s also no external factors affecting the pricing of real estate, for the most part, unlike stocks and other markets. So, if you want to make some use of that money you have saved in the United States, which is the best city to help you invest in real estate?
Top cities in the United States to invest:
If there’s one city that deserve to be considered the hottest spot for investment in the US, it’s definitely Miami, as you can see from this post. The city had seen a lot of ups and downs when it comes to real estate prices, but it is now quickly on the rise to become one of the most popular spots for real estate investors, in and out of the country.
The properties are great, the prices are reasonable and the city itself is wonderful. It also helps that Miami has changed its image from the spring break party all night persona into a cultural and artistic hub, which draws even more foreigners.
Cleveland, like much of Ohio, has a high and the constant growing employment rate, which means most people in the city have steady, good jobs. Home values rise year after year, which make it a perfect spot to buy property. It’s expected that, with the high rental yield and average high salaries in the city, you could pay off the price of the property through renting it for a few years.
Very high rate of population growth, higher than average employment rate, and a solid increase in property value are some of the reasons why Phoenix is an excellent spot for investors in real estate.
Durham, North Carolina
Durham also has even higher population growth rates than Phoenix, and the employment rates are also higher, making it another very good spot to invest in real estate.
Las Vegas, Nevada
Believe it or not, Las Vegas is one of the best spots in the country to invest in real estate. The city has the third highest overall employment growth rate in the country, which makes sense seeing as how popular this city is amongst tourists and punters for its many attractions and activities. Las Vegas also has very high yields on rentals, as the demand for property rental in busy spots is quite high, and you’ve got the big guys wanting to rent down there, so you’ll probably pay off that mortgage before you can say Nevada.
As we said earlier, it is now or never for the real estate market. Despite the numbers above and the high yields, real estate is still attainable and relatively affordable. Yet, with the growing demand and the market slowly but surely getting back on its feet, there is no telling where the road could take us and how much higher real estate could get. So, if you have some money saved up and are still hesitant about making that choice, do yourself a favor and go invest in properties.