It does not surprise me to see Dallas listed as one of the hottest housing markets. We do not have a state or personal income tax, our housing is still affordable, we have a phenomenal and varied business climate, you can do business from early morning on the east coast to late in the evening on the west coast, we are close to an international airport and can be anywhere in the US in 3 hours and we are the friendliest city you will ever live in.
– Mary Beth Harrison
That’s key when it comes to real estate. But where do you invest your cash?
Try these five metro areas:
- Atlanta, GA
- Orlando, FL
- Sacramento, CA
- Dallas-Fort Worth, TX
- Las Vegas, NV
Forbes and Realtor.com listed those cities as the hottest and most profitable housing markets in 2018.
“The No. 1 indicator you want to look for is new jobs moving into a market with higher wages,” said David Greene, the author of “Long Distance Real Estate Investing.”
And those jobs, according to Greene, are what’s putting Atlanta on the map.
“Hollywood is actually moving into Atlanta and bringing tons of jobs with it. With that, comes lots of small businesses,” Green explained.
Several Florida cities made both lists but Orlando took top marks.
And if you declared home-buying in California impossible, think again.
The golden state’s capitol is sizzling hot.
“One, you get way more house for about half of the money. Two, a lot of companies are allowing them to work from Sacramento instead of San Francisco so they don’t have to worry about the commute,” Green said.
Meanwhile, others are striking gold in the lone star state.
“Companies that are getting overtaxed in California are leaving and going to Texas and Dallas specifically is experiencing an oil boom,” Green said,
After being one of the hardest-hit areas during the recession, Las Vegas can thank the Raiders for its resurgence.
“They’re building a stadium for them to play in and that’s going to bring a ton of jobs to the area,”
And if you don’t live near these markets, remember you can still invest from afar.