In this article, we are going to discuss about the updated current facts, trends prevailing in the real estate market along with best profitable housing real estate market during 2016-2017, which will help you to predict what is happening in this business and an idea about how to choose a specific choice of comfortable investing housing market.
Centrally-located metropolitan towns are considered to be best markets as they are very close to places with steady business activity and ample employment opportunities. Only if a middle class community is potent to afford for real estate in an area, such housing market is truly considered as strong.
Other factors included to ascertain the best real estate market are recent income growth, unemployment ratio, and affordability of the middle class people sector in a specific area for investing in the real estate market and so on.
The Denver Metro Housing Market
It is projected that 5.6% of growth rate for the Denver Metro Housing Market during the forthcoming year. Combining this with the very low of a rate of interest 3.1% of unemployment, Denver metropolitan area has become the most reliable and fastest growing real estate housing market in the Country. Ruby hill, three areas of Aurora are the best neighborhoods in the Denver real estate market to invest.
The Seattle Metro Housing Market
It is projected to be 5.4% of housing market growth in the Seattle Metropolitan next year. The best local area in the Seattle metropolitan, namely Northwest Bellevue is one of the fastest growing and reliable choice to consider. Other areas of this Seattle metro real estate housing market are the University District, the Olympic Manor area, and Holly Park.
Dallas – Fort Worth Metro Area
The next real estate housing market in the list is Dallas – Fort Worth area, with a projected growth rate of 5.6% next year. Here, the best local areas that you can invest are Holford, Oak Lawn and M streets. It is best to keep an eye regarding the offers in these neighborhoods.
The Richmond Metro Housing Market
It is projected about 2.2% growth of median home value in the next year. It may not look impressive at the outset, but pairing this with the detail the greatest income growth in this area out of rest of top 10 real estate market and low unemployment rate it looks promising. In this, the best local areas like Church Hill, The Fan and Carytown are seem to be a better option for real estate housing market investment.
The Boise Metropolitan Housing Market
It is predicted to be 4.7% growth of median home value in this metro and sure a hottest real market estates to consider in the U.S. Few of the neighborhoods that have more than 5% of growth median home values in this Central Bench, North End and Maple Grove-Franklin.
The Ogden Metropolitan Housing Market
It is expected to grow about 4.9% of median home value in the next year in this Ogden metro. The very low unemployment rate and increasing growth rate, make the local areas in this Ogden metro real estate housing market as the best in 2016-2017. The neighborhoods such as Farmington, Kaysville are best real estate housing market in this metro.
Salt Lake City Metro Area
It is projected to have 4.4% growth of median home value in the next year and the best neighborhoods in this metropolitan area are Erds, Tooele and Grantsville.
The Omaha Metropolitan Housing Market
It is expected to grow by 3.2% of median home value and there prevails very low unemployment rate of 2.9% in this area. It is one of the hottest real estate housing market and according to Zillow experts; zip codes 68136, 68131 in Omaha and 68066 in Wahoo are best places to take an interest in.
The Sacramento Metro Real Estate Market
It is predicted about 5.1% of median home value growth in this Sacramento metro that expects to attract a few of the pretty transactions flow. The best neighborhoods in this metro are Southeast Village, Folsom Road and Hagginwood. All these local areas in this metro forecast to have home value growth of about 8% when compared to rest of the California real estate housing market.