Whether looking for a place to live or a property to rent out for yield, every home buyer wants to make a smart investment. To find out where you can do just that in 2017 Forbes teamed up with Local Market Monitor, a North Carolina-based company that tracks more than 300 housing markets. Below you'll find 20 markets where population, jobs and home prices are growing. Florida and Texas dominate, but solid markets can be found across the United States. For every city on the list, Local Market Monitor expects home prices to grow by at least 17% by 2020.
Dallas takes the top spot after ranking no. 6 in 2016. Prices here are expected to grow the most of any list city. Informing that forecast is 6.2% three-year population growth, 3.9% job gains last year and 9% annual home price gains. Homes in Dallas are also undervalued compared historic averages and local income.
The first of three Florida cities on the list, Jacksonville claims 9% annual home price growth, 4.1% annual job growth and 5.1% population growth from 2012 to 2015 (the most recent data available for all cities). Homes in Jacksonville are undervalued by 8% compared to the historic ration of price and local income.
Orlando boasts 7.2% three-year population growth and 4.4% annual job growth, both list highs. “A growing economy makes up for a lot of other stuff," says Local Market Monitor CEO Ingo Winzer. "With a falling economy it doesn’t matter if things are good right now, they are not going to be good in a few years.”
Article Courtesy of Forbes:
http://www.forbes.com/sites/samanthasharf/2017/01/10/full-list-where-to-invest-in-housing-in-2017/#5493a8bf69f4
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