Yahoo Finance experts have predicted that buying property in certain regions of the #UnitedStates could now be one of the strongest strategic moves for long-term gains.
With economic cycles and market corrections being a natural part of the real estate landscape, purchasing property during periods of uncertainty can lead to significant returns as markets stabilise. Using the prices of homes currently under the national US median of $333,000 and with an expected/anticipated national projected growth rate of 1.7%, experts suggest than in less than 10 years these 14 US metros are the top places for growth, with 1-year growth projections #Dover, Delaware (2.1%) #Lakeland, Florida (2.6%)
#Albuquerque, New Mexico (3.1%)
#Yakima, Washington (3.1%)
#Daphne, Alabama (3.3%)
#Fayetteville, Arkansas (3.8%)
#Huntsville, Alabama (3.9%)
#Pensacola, Florida (3.9%)
#PanamaCity, Florida (3.9%)
#Athens, Georgia (4.0%)
#AtlanticCity, New Jersey (4.0%)
#Savannah, Georgia (4.5%)
#Knoxville, Tennessee (4.5%)
#Columbia, Missouri (6.4%)
Historically, real estate has been a solid investment, offering protection against inflation and the potential for capital appreciation. Despite current challenges like higher interest rates and market volatility, the fundamental value of property as a tangible asset remains strong.
Prospective buyers should consider factors such as location, future development plans, and economic forecasts when making investment decisions. Areas with strong growth potential and infrastructure development are likely to offer the best returns over the next decade. The overall U.S. median home value was taken, and growth projected over 10 years using Zillow’s March 2023-24 one-year forecast.
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