Making yourself familiar with investment hotspots can result in the facilitation of more wealth, as the market is generally easier to work with in geographical regions that have experienced significant economic growth.
Those who take advantage of particularly opportune markets will give themselves a better chance to succeed within the real estate industry. Understanding where economic stimulation has flourished is crucial to growing a portfolio.
So where are the best locations for real estate investments right now?
According to MarketWatch, a new study reveals the top 10 metros for business growth as:
- Austin, TX
- Boston, MA
- Houston, TX
- San Jose, CA
- Portland, OR
- Washington, DC
- San Francisco, CA
- Bridgeport, CT
- Salt Lake City, UT
- Raleigh, NC
Cities that have demonstrated the ability to sustain economic growth may be more inclined to harbor a lucrative housing market.
In terms of opportunistic real estate investments, Bridgeport, CT may be one of the most surprising locations. Along with California, Connecticut has seen itself become one of the most successful markets for real estate investments. According to the MarketWatch report, it boasts “one of the highest increases in payroll and GDP improvement.” Those paying attention to recent developments are aware that the housing market has been positively affected by the recent economic stimulation.
California continues to bring a lot to the table as well. With two cities currently on the list, economic growth continues to spur increasing opportunities for real estate investments. Analysts predict a third city (San Diego) may soon be added to the list.
