Deciding Where to Invest in Real Estate

where to invest in real estate

The most effective real estate investors are the ones who know their market. Through careful examination of your local market and the national climate, you can determine which real estate investing strategy is right for your business. There are a variety of resources at your disposal to analyze the real estate market. For example, you can rely on official market reports or raw socioeconomic data to analyze your position and monitor the factors that affect real estate investing.

At HomeVestors®, our franchisees gain additional support through our proprietary property analysis software and by referencing various market analysis tools. For a small taste of the data and analytics available to franchisees, you can view our quarterly real estate reports, published with Local Market Monitor, like the one discussed below.

HomeVestors® and Local Market Monitor just released their top ten places to invest in real estate for the third quarter of 2016. According to their report, the cities listed below are the top ten places to invest in real estate right now (note: there are two locations tied for first place).

Top 10 Places to Invest in Real Estate

  1. Cape Coral-Fort Myers, Florida & Nashville-Davidson-Murfreesboro, Tennessee (tied for first)
  2. Ogden-Clearfield, Utah
  3. Boise City-Nampa, Idaho
  4. West Palm Beach-Boca Raton-Boynton Beach, Florida
  5. Charleston-North Charleston, South Carolina
  6. Orlando, Florida
  7. Austin-Round Rock, Texas
  8. Jacksonville, Florida
  9. Raleigh-Cary, North Carolina

For the second quarter in a row, we see that the majority of the top spots are in the Southeast. There are several underlying factors working together to make the Southeast a real estate hot spot: strong job growth, influx of first time home buyers, infrastructure improvements, and a start-up climate.

Let’s take a look at three of these top spots for a closer look at how a real estate market report can guide your real estate investing strategy.

Charleston, South Carolina Real Estate Market

Charleston, SC takes the number 5 slot on the list for a myriad of reasons. Charleston, SC is hailed as one of the best cities to live in the United States. In fact, Travel and Leisure recently awarded Charleston the coveted #1 spot in their World’s Best Cities list for 2016.

The bounty of historic sites, world-renowned hotels, covetable shopping, and walkable downtown tipped Charleston into the #1 position. Beyond this, current economic trends are making Charleston a top 10 city to invest in right now.

The Charleston job market is the third best in the country, behind Albany, NY and Richmond, VA, according to The Post and Courier. And, demand for homes is shown to directly follow job growth. As a result, a strong job market has a favorable impact on real estate investment.

Charleston Regional Development Alliance reports five major economic trends for the area:

  1. Influx of people moving to Charleston
  2. More Millennials choosing Charleston
  3. Job growth to continue
  4. Strength of aviation industry in the area
  5. Thriving startup community

Do you need more reasons to invest in Charleston? The jasmine-lined streets and friendly Southern hospitality should do it. If you want to know more about your opportunities for Charleston real estate investment, reach out to me directly to discuss how our franchisees are capitalizing on this dynamic city.

Real Estate Investment in Raleigh, North Carolina

Raleigh , NC sneaks in at the #10 spot on Local Market Monitors list. But don’t let that fool you, this Southern gem earns their spot. The capital of North Carolina is experiencing a renaissance with thoughtful development, job growth, and a thriving housing market. Together, with Chapel Hill and Durham, Raleigh is a point in the thriving Research Triangle Park.

People moving to Raleigh from larger, more expensive, US cities are boosting the market through their cash purchases and positive influence on demand. Real estate investors are engaging in wholesaling, rehabbing, and rentals to meet the varied needs of the population.

Earlier this year, it was reported that buyers weren’t even waiting for homes to come onto the market before placing their offers. Development throughout Raleigh and a reputation for strong public schools are only adding to the demand for housing in the area.

Jacksonville, Florida Real Estate Investing Strategy

Jacksonville, FL holds down the #8 spot on the latest report published by HomeVestors® and Local Market Monitor. The Jacksonville Business Journal notes that fewer homes are on the market, even though demand is high. There are three general reasons for increased demand, according to the NEFAR report: “Millennials are reaching prime home-buying age, growing families are looking for larger homes and empty nesters are downsizing.”

Jacksonville is situated in Northern Florida where the St. John’s River meets the ocean. The city is a regional business hub, a surfing hotspot, and a cultural epicenter for the area. All of these characteristics makes it a wonderful place to live, work, and play. Individuals and families of all ages are relocating to Jacksonville. And, real estate investors are taking notice.

As we see with Charleston, Raleigh, and Jacksonville, there are some common themes. Positive factors influencing real estate markets include a strong public education system, a growing jobs market, nearby colleges and universities, and vibrant city culture.

The next time you are considering a real estate investment, ask yourself if the area has these factors going for it.

Call me today at 828-989-3785 to discuss your HomeVestors® real estate investment franchise opportunities.

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