Isn't it interesting how the New Year affects our collective psyche? Merely an arbitrary marking of another full rotation around the sun, for us the New Year is somehow something more than that. The clock striking twelve on the thirty-first of December ushers in feelings of opportunity and hope; we make resolutions that we likely won't last the month, and optimistically hope for a year better than the last.
The New Year may be a little more than a vehicle to grant our ambition agency; nevertheless, it can be a useful marker, giving us a vantage point to analyze the past year, and assess possibilities for the upcoming one. One area in particular where this is particularly useful is that of real estate investment.
To that end, we've analyzed a number of pertinent real estate trends, and put together a list of cities we believe to present the best places to invest in real estate in 2020. That being said, we're confident let's start off this list with an entry with a future that's as sunny as its climate:
Orlando, FL
Unless you've been living under a rock your whole life, chances are you've heard of Orlando. One of the most popular vacation destinations in the entire world, vacation-goers travel thousands of miles to experience the theme parks, see the sights, and take part in the massive entertainment phenomenon that this city is home to.
This is for good reason; Orlando lives up to and exceeds its exemplary reputation as a one-of-a-kind experiential wonder. The Walt Disney Theme parks and attractions have more than enough things to see and do to keep you busy during as long a vacation as you might care to take. From thrilling roller coasters to edge-of-your seat acrobatic performances, a safari on a huge wildlife reserve and more, it's easy to see why it's called Walt Disney World.
Walt Disney isn't the only thing Orlando has to offer, by any means; far from it in fact. From Ripley's Believe It or Not to the Kennedy Space Center and Gatorland, it's safe to say that Orlando's booming tourism industry isn't going anywhere any time soon. Fortunately for prospecting investors, tourism is exactly what makes Orlando one of the best cities to buy rental property in 2020.
The average price of a home in Orlando is currently hovering around $250,000, and experts predict that number will rise significantly in the next year. This makes Orlando an attractive market for those seeking to resell, as well as those seeking to rent out their property to tourists, so don't wait and find a real estate agent to help you out. Those who fall into the latter group will be happy to know that services like AirBnB and Booking.com have made it easier than ever for those with rental properties to connect with their clients. This has made vacation rentals an even more lucrative business than before, fueling demand for homes, which in turn leads to a highly competitive real estate market in property holds its value exceptionally well.
All these factors combined make Orlando FL one of the best cities to invest in real estate in 2020, and an irresistible opportunity for savvy real estate investors. If you are interested in getting in on this market, you can do so by contacting one of the top real estate agents in Orlando FL. With help from your new realtor, you'll soon be investing in one of the hottest real estate markets in the country.
Dallas, TX
Deep in the heart of the most American state in America lies a city with real estate values that are almost more tempting than its locally grown beef tenderloin steaks. That's right, we're talking about Dallas Texas! This is one of the best places to invest in real estate in 2020, and you'll soon find out why.
For starters, Dallas has a booming job market. If everything is bigger in Texas, that's especially true for the figure representing employment opportunity. In comparison to the national job growth rate of 2.5 percent, the job growth rate in Dallas TX is 3.2 percent. This upward trend means one thing: new employees will be flocking to Dallas, and each and every member of this expanding workforce is going to need housing.
If you want to invest in housing, this fast growing job market makes Dallas a great place to invest in homes, apartments or condominiums. The average home price in Dallas is around $220,000, which is lower than the national average of $226,000, making this a buyers market. Despite this, home prices are steadily trending upwards, and buying any kind of living space in Dallas is likely to be an excellent investment.
Another huge factor in Dallas' predicted growth is it's busy tourism industry. Thanks to the effort of a variety of different programs and initiatives designed to bolster tourism, Dallas has over 27 million out-of-city visitors each year, many of them returning from year to year. Dallas is one of the nation's prime locations for holding conferences and seminars, as its year-round sunny weather and central location make it ideal for holding such functions.
Of course, Dallas attracts more tourists than just those who come for these events. The Dallas Cowboys, Dallas' resident all star NFL football team, has won five Super Bowl championships, and fans come from all over the nation to see the Cowboys play. And then of course, there is Dallas' thriving arts scene, frequented by musicians, painters, filmmakers and other artists from around the United States. This arts scene and the other attractions that the city has to offer make Dallas one of the best cities to buy rental property in 2020.
If you are interested in buying property here, you'll need to contact one of the top realtors in Dallas listed on RealEstateAgent.com - The Official Real Estate Agent Directory®. Your new real estate professional will then walk you through the process of finding a listing that suits you. Once you've found your ideal listing or listings, you'll be well on your way to buying property in one of the best cities to in real estate in 2020.
Bentonville, AR
Tucked away in the foothills of the Ozarks, the city of Bentonville is a beautiful, and often overlooked city in the northwestern region of the state of Arkansas. This hidden gem is smack-dab in the middle of one of the fastest growing areas in the country, from the dual perspectives of population and job growth. Additionally its real estate market is red hot, making it one of the best places to invest in real estate in 2020!
First, let's discuss the job market. Northwestern Arkansas is the 15th fastest growing area for jobs in the entire country, and it has a large and consistent influx of workers that flock to the area for the readily available jobs in the city's retail companies. This rapid job growth has led to a high demand for housing, especially low cost rentals in or immediately adjacent to the city. If you are interested in investing in rental properties, there are few cities better than Bentonville in which to do just that.
If you want to invest in one of the best cities to buy rental property in 2020, you'll want to contact one of the top real estate agents in Bentonville AR, so you can find the best possible deal on the perfect listing for you.
A parting word: investing is a tricky thing. It's very easy to misread the market and end up with a net loss on your hands. In order to avoid this, always research your financial decisions carefully and extensively, and never blindly rush into decisions. That being said, here's to a successful year of investing!
