All homeowners want to live in good areas where employment and wages are high and home prices continue to appreciate. Real estate values are notoriously dependent on location, and the market does change over time, sometimes significantly. These are the top US cities where real estate is currently on the rise by nearly every metric available.
This hip, technologically-advanced city is the home of Amazon, Microsoft and Starbucks and has long held a reputation for a strong job market that remains strong to this day. Seattle home prices continue to rise along with the city’s desirability. The city is surrounded by unparalleled natural beauty and hiking, biking, skiing, boating and other outdoor activities are favorites.
Salt Lake City, Utah
Salt Lake City continues to grow and remains an excellent choice for homebuyers. In 2017, home prices appreciated at around 4.3%. It has a highly educated population and an entire department dedicated to green initiatives that will please environmentally-conscious folks. Unemployment is an extremely low 2.8% and with many tech startups calling the city home incomes are growing by roughly 1% annually.
Known as the theme park capital of the USA, Disney World, Universal Studios and SeaWorld all call this city home. Orlando is also an excellent choice for homebuyers, with an expected 4.2% increase in housing prices over the next year. The unemployment rate continues on a downward trend, currently sitting at around 3.0%, and it is among the cities in the US with the highest migration rates over the last five years.
Denver has seen substantial growth in recent years, and home prices have remained high and continue to go up. The city has a strong job market and is commonly viewed as a great place to live. It is an ideal city for people who love the outdoors, thanks to its proximity to famous national parks and all the Rocky Mountains have to offer.
Nashville and its suburbs have remained affordable yet boast high demand and growth rates. New construction is continuously revamping the city into a modern metropolis. While it’s known for country music, Nashville has much more to offer than that. Quality of life and work opportunities are good, which is why the city has been able to attract substantial numbers of young people to live there. Nashville has particularly been welcoming of the boom in the healthcare industry to fuel its growth, employment and income rates.
Charlotte, North Carolina
North Carolina as a whole has seen significant growth over the last decade. Charlotte is a major financial hub and is attracting many new residents from out of state. The city boasts a low cost of living and a very moderate climate. With a predicted 6% sales growth going into 2018, finding a home there can be competitive, but the value is sure to appreciate.
Las Vegas, Nevada
Going into 2018, the future of Las Vegas looks about as bright as the Strip lit up at night. The city has come back from the recession in leaps and bounds, with an economy that grew massively throughout 2017 and is expected to continue that trajectory in 2018. With the growth rates of nearly every sector of employment on the rise, it should come as no surprise that home sales and values continue to go up in Sin City.
Categories: Real Estate