Are you looking for a new real estate investing market to explode your business and profits in 2013 and beyond?
No matter where you are located in the country there are great real estate investing deals to be found. However, those looking for new markets with less competition or better potential for high volume should look into these 5 destination ideas…
1. Jacksonville, FL
Even though Jacksonville is Florida’s largest city, it is often overlooked in favor of more popular spring break destination areas. However, according to Trulia the city’s median local home price is up 6.1% year over year. Business is bustling and many are flocking in to take advantage of jobs which makes a great market for rentals. At the same time, foreclosures around the outskirts of the center contrasted by high double digit growth in neighboring zip codes closer to downtown, make it a great environment for flipping houses too.
2. Savannah, GA
Atlanta might be one of the hottest real estate investing markets in the U.S. right now. With billion dollar equity funds chasing foreclosures, local home prices headed up and the average price per square foot reportedly up 19% year over year, the city has a lot to offer. Forward thinking real estate investors may also find incredible opportunities looking into Savannah’s surrounding rural areas where there are masses of land available to be converted into new communities.
3. Phoenix, AZ
Many major real estate investing players have moved on from Phoenix after milking double digit growth and are looking for dirt cheap foreclosures elsewhere. This means there is a lot less competition and according to local real estate investing gurus, the city is set for another round of high double digit gains as other fundamentals come into play.
4. New Haven, CT
Despite recent storms and the devastation Sandy dealt on the northeast, the latest round of figures shows Connecticut real estate is rebounding healthily. In fact, top analysts show New Haven as a top performer in commercial real estate, outshining much of the rest of the U.S.
5. San Diego, CA
San Diego remains one of the healthiest real estate markets in the U.S. and being in such high demand it is certainly one of the most profitable and trendiest places for real estate investing on the planet too.