BiggerPockets Daily 13 Real Estate Hot Spots You Won’t Want to Miss Next Year
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Dec 31, 2024 Discover 13 emerging real estate hot spots in the U.S. that are attracting investors with strong economic growth. Learn about key indicators like GDP per capita and job creation driving these markets. Each location showcases unique industries and potential for price appreciation. From Allentown, Pennsylvania, to other up-and-coming cities, this discussion highlights why now is the time to consider these promising areas for real estate investment.
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Investing in Strong Economies
- Invest in cities with strong economies for potential real estate price appreciation.
- Analyze data like employment and wage growth to identify promising markets.
Evaluating Economic Robustness
- Robust economies shouldn't decline in population, employment, or wages.
- Consider a city's five-year wage and employment growth compared to the national median.
Allentown's Economic Renaissance
- Allentown, PA, has transitioned from a struggling steel town to a growing hub.
- Its economy is diverse, with distribution, financial services, and healthcare jobs.