What is the real estate investment outlook for 2023?
Realtor.com® Chief Economist Danielle Hale was upbeat about the prospects of property appreciation, projecting a 5.4% increase in existing-home prices for 2023. “We think price growth will be half of what it was in 2022, and we may see some months of year-over-year declines,” Hale said.
The Top Markets For Real Estate Investment in The Next Decade
Real estate investment can be a great choice for those looking to bolster their finances and diversify their portfolio. It has been an attractive option for decades and has earned numerous investors a great profit. With the rising population and employment rates, as well as an influx of investment dollars into the market, real estate investing is expected to see high yield returns for many years to come.
In this article, we’ll look at some of the best markets for real estate investment in the next decade. Whether you’re considering a short-term investment or something more long term, the cities listed below should be your target spots.
The first is Austin, Texas. Known as the “Live Music Capital of the World”, Austin is a tech and cultural hub with a booming population. With an abundance of high-paying jobs, a vibrant economy, and a cost of living below the national average, it’s easy to see why this city is an ideal spot for a real estate investor.
The second city on the list is Denver, Colorado. Denver has become the go-to spot for outdoor lovers who value the spectacular natural beauty of their home state. Although the market is rising quickly due to the increasing number of millennials who are flocking to this city for job opportunities, real estate investors will benefit from the booming rental market here.
Next is Portland, Oregon. Known for its mild climate and stunning coastal scenery, Portland is a recurring destination for tourists and tech and finance professionals who travel to the city for jobs or to launch a business. Portland is a great place for real estate investment, as many of the city’s neighborhoods have seen considerable growth in the past few years.
Our fourth destination is Seattle, Washington. Home to the world’s most famous Coffee Chain, Seattle is known for its tech-savvy population and amazing scenery. With some of the biggest names in tech launching their businesses here, Seattle is earning its reputation as a highly desirable place for real estate investors.
Lastly, we look at Nashville, Tennessee. The country music capital is known for its diverse culture and incredible food scene. Major companies such as Amazon and Google have their sights set on the city which led to a significant amount of corporate investment. Nashville is an up-and-coming city with a great real estate market, so investors should consider this spot for their investments.
By investing in these cities, real estate investors can expect high returns in the coming years. With a variety of factors such as population growth and job opportunities driving rental yields upwards, these cities are sure to bring high returns on investments. Be sure to perform thorough research and consider these five cities as the best markets for real estate investment in the next decade.