Real Estate Markets In The United States
In this article we are going to talk about some of the strongest real estate markets in the world. For your convenience, I will make a list of these markets, and then go into a little bit of detail about what makes each of these markets so strong.
As the real estate market is always changing I cannot necessarily guarantee that these are the absolute strongest markets, but they are known to be very strong markets overall. They are examples of places that you may want to look if you’re interested in getting into buying and selling real estate.
There are so many different ways to get into the real estate market. When most people think about real estate, they tend to think about buying and selling properties. That’s how people make all that money, right? But there are so many different ways to get into real estate. You could also become a real estate agent. The advantage of being a real estate agent is that you are buying and selling properties for clients but you do not actually own the properties. Because of that you do not have to tie up large amounts of your own money.
Usually agents work off from commission. No matter what way you want to get into the real estate market, the most important thing is to start educating yourself. That is true with any endeavor that you begin; education will help you to see if this is something that fits your needs and holds your interest.
So what are some of the strongest real estate markets in the world? CNN.com says that you need to check out Oakland, California. Why? For one thing their median house price is over half a million dollars. There is money to be made there for those who can afford to jump in. Plus, there is a forecasted gain of 9.3% (cnn.com article written Jan. 2014).
Looking for something else? Maybe California is too far away. Then, it’s time to consider Fort Worth, Texas. They do not have the same median housing cost; their housing costs are a little more realistic and down to earth, with the median home price being at around $180,000. They also have an expected gain of 8.9% (through Sept. 2014). Of course this is now old news seeing that the article was last updated January of 2014. The article makes a good reference, but make sure to check this information for yourself. As I said, the real estate market likes to move and change fast!
Maybe you are from the East Coast. Well, did you ever think of purchasing real estate in “The Big Apple”? New York City has a median home cost of $440,000. But again, this information was created on January 2014 on the CNN website. Make sure to look up the latest information for yourself to make sure that it is still relevant to your needs. There are just a couple of ideas to throw around in your head; best of luck in your real estate future!