5 answers
Brandon
Student
Ohio, OH
4
Questions
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Whats the best state for real estate
I want to go to college and then move to a different state that has the best openings for real estate #out-of-state #college
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5 answers
James Constantine Frangos
Consultant Dietitian & Software Developer since 1972 => Nutrition Education => Health & Longevity.
3703
Answers
Gold Coast, Queensland, Australia
Updated
James Constantine’s Answer
Subject: Unearthing the Top Real Estate Opportunities
Dear Brandon,
Unveiling the Premier States for Real Estate
In your quest to identify the most promising state for real estate investments, you'll need to weigh several key variables. These encompass job growth, population shifts, housing affordability, stability of the housing market, and the overall economic climate. Although there's no one-size-fits-all answer to the "best" state for real estate - given the fluctuating market conditions and individual preferences - certain states consistently emerge as leaders with thriving real estate markets.
Key Factors to Weigh
Job Growth: States experiencing significant job growth usually see a surge in housing demand, creating a fertile ground for real estate opportunities.
Population Shifts: States witnessing population growth typically have a heightened demand for housing, making them a magnet for real estate investments.
Housing Affordability: The cost-effectiveness of housing is pivotal in gauging the appeal of a state for real estate investment.
Stability of the Housing Market: States that boast stable housing markets are often viewed as safer harbors for real estate investments.
Economic Climate: Broader economic conditions, including GDP growth and business-friendly regulations, can sway the real estate market.
Spotlight on Top Real Estate States
While the ultimate choice of the best state for real estate hinges on personal preferences and objectives, certain states frequently top the charts for real estate opportunities:
Texas: Renowned for its robust job growth, diverse economy, and budget-friendly housing market, Texas is a hot spot for real estate. Cities like Austin and Dallas, with their soaring population growth, present lucrative real estate prospects.
Florida: With a burgeoning population, tax-friendly environment, and flourishing tourism sector, Florida is a favorite among real estate investors. Cities like Miami and Orlando are especially enticing.
Colorado: Colorado, with its robust economy, allure of outdoor living, and expanding tech industry, offers a wealth of real estate opportunities. Denver and Boulder, in particular, provide a range of real estate options.
Other states worth your consideration include North Carolina, Georgia, Arizona, and Tennessee, each offering unique benefits for real estate investment potential.
In closing, the optimal state for real estate will hinge on your individual objectives, preferences, and risk appetite. Make sure to conduct comprehensive research on market trends, economic indicators, and local factors before deciding where to channel your real estate investments post-college.
Top 3 Credible Sources Utilized:
National Association of Realtors (NAR): The NAR delivers exhaustive data and insights into the U.S. real estate market, offering invaluable information on trends and forecasts.
Zillow Research: Zillow Research provides detailed analysis of housing market trends across various states and cities, offering valuable insights for real estate investors.
Forbes Real Estate Section: Forbes' Real Estate section provides expert viewpoints, market analyses, and rankings that can assist individuals in making well-informed decisions about real estate investments.
May God bless you!
James Constantine Frangos.
Dear Brandon,
Unveiling the Premier States for Real Estate
In your quest to identify the most promising state for real estate investments, you'll need to weigh several key variables. These encompass job growth, population shifts, housing affordability, stability of the housing market, and the overall economic climate. Although there's no one-size-fits-all answer to the "best" state for real estate - given the fluctuating market conditions and individual preferences - certain states consistently emerge as leaders with thriving real estate markets.
Key Factors to Weigh
Job Growth: States experiencing significant job growth usually see a surge in housing demand, creating a fertile ground for real estate opportunities.
Population Shifts: States witnessing population growth typically have a heightened demand for housing, making them a magnet for real estate investments.
Housing Affordability: The cost-effectiveness of housing is pivotal in gauging the appeal of a state for real estate investment.
Stability of the Housing Market: States that boast stable housing markets are often viewed as safer harbors for real estate investments.
Economic Climate: Broader economic conditions, including GDP growth and business-friendly regulations, can sway the real estate market.
Spotlight on Top Real Estate States
While the ultimate choice of the best state for real estate hinges on personal preferences and objectives, certain states frequently top the charts for real estate opportunities:
Texas: Renowned for its robust job growth, diverse economy, and budget-friendly housing market, Texas is a hot spot for real estate. Cities like Austin and Dallas, with their soaring population growth, present lucrative real estate prospects.
Florida: With a burgeoning population, tax-friendly environment, and flourishing tourism sector, Florida is a favorite among real estate investors. Cities like Miami and Orlando are especially enticing.
Colorado: Colorado, with its robust economy, allure of outdoor living, and expanding tech industry, offers a wealth of real estate opportunities. Denver and Boulder, in particular, provide a range of real estate options.
Other states worth your consideration include North Carolina, Georgia, Arizona, and Tennessee, each offering unique benefits for real estate investment potential.
In closing, the optimal state for real estate will hinge on your individual objectives, preferences, and risk appetite. Make sure to conduct comprehensive research on market trends, economic indicators, and local factors before deciding where to channel your real estate investments post-college.
Top 3 Credible Sources Utilized:
National Association of Realtors (NAR): The NAR delivers exhaustive data and insights into the U.S. real estate market, offering invaluable information on trends and forecasts.
Zillow Research: Zillow Research provides detailed analysis of housing market trends across various states and cities, offering valuable insights for real estate investors.
Forbes Real Estate Section: Forbes' Real Estate section provides expert viewpoints, market analyses, and rankings that can assist individuals in making well-informed decisions about real estate investments.
May God bless you!
James Constantine Frangos.
Damion Freeman
Tax Accountant
16
Answers
North Port, Florida
Updated
Damion’s Answer
You may want to look at growth areas and not just sales, for example the amount of new homes being built in an area versus areas that have slow or no growth. Also, look and try and see how many realtors are in an area.
Hi Damion, how can a student find this information? Do you have a site that you recommend?
Gurpreet Lally, Admin
You could go to realtor.com. I believe they have the numbers you are looking for also, a quick Google search of a zip code will give a brief overview of numbers of listed real estate agents
Damion Freeman
Linden Robertson
ABBA4EVER Team Lead
1
Answer
Updated
Linden’s Answer
The best locations for real estate are properties near thriving hospitals, states with high tourism, locations near oil reserves and coastal locations.
Meghan Thrasher
Real Estate Agent
32
Answers
Fort Worth, Texas
Updated
Meghan’s Answer
Speaking from experience, Texas is a great place for real estate. Nearly every open house I do I run into people from California, Chicago, and more looking to move to Texas.
With COVID turning everything upside down it seems that more and more people are leaving the big close knit cities and heading to the suburbs. Now that more people have the ability to work from home location is less of an obstacle. The outskirts of town are also in high demand.
There are a lot of new builders and the production of new build homes has grown a lot. The demand is high due to the all time low interest rates. These new builds are popping up all over the place in Texas and open up the market even more.
I hope this was helpful to you!
With COVID turning everything upside down it seems that more and more people are leaving the big close knit cities and heading to the suburbs. Now that more people have the ability to work from home location is less of an obstacle. The outskirts of town are also in high demand.
There are a lot of new builders and the production of new build homes has grown a lot. The demand is high due to the all time low interest rates. These new builds are popping up all over the place in Texas and open up the market even more.
I hope this was helpful to you!
Justin Palermo
Business Intelligence Analyst
12
Answers
New York, New York
Updated
Justin’s Answer
Hi Brandon,
Great question! Based on current average salary and both the lowest and highest 10 percent earners the top 3 states to sell real estate are:
1. New York
2. Connecticut
3. Delaware
These numbers are based on overall average salary, the salary of the lowest 10% of agents and the salary of the highest 10% of agents. However, salary is just one thing to look at since cost of living varies from state to state and county to county. For example, in New York, agents in New York City will make more than an agent outside of Buffalo, but the cost of living is higher, meaning more of that higher salary will go to things like housing and transportation.
Great question! Based on current average salary and both the lowest and highest 10 percent earners the top 3 states to sell real estate are:
1. New York
2. Connecticut
3. Delaware
These numbers are based on overall average salary, the salary of the lowest 10% of agents and the salary of the highest 10% of agents. However, salary is just one thing to look at since cost of living varies from state to state and county to county. For example, in New York, agents in New York City will make more than an agent outside of Buffalo, but the cost of living is higher, meaning more of that higher salary will go to things like housing and transportation.