On The Market

4 States With the Strongest Economies and Investing Potential

Oct 10, 2024

Explore the best states for real estate investment, focusing on economic strengths, job growth, and low inventory. Discover why tiny Delaware is an appealing investment haven. Dive into Texas and Florida's unique real estate dynamics amidst climate challenges. Uncover North Carolina's booming economy with corporate investments from giants like Toyota and Apple. Plus, enjoy a light-hearted discussion on barbecue preferences while learning how local economies shape housing prices. Get ready for some surprising investment insights!

42:29

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Quick takeaways

Delaware's favorable economic conditions and revitalization of key areas make it an appealing target for real estate investors in 2024.

Texas stands out for its strong job growth and diverse economy, presenting significant long-term investment opportunities despite temporary price corrections.

Deep dives

Impact of Local Economies on Housing Markets

The podcast emphasizes that local economies significantly influence housing prices and investment performance, often more than national economic trends. Investors are encouraged to assess state-specific economic factors rather than relying solely on overarching national data. While regional factors such as job growth and local demand are vital, understanding micro-economic dynamics in specific neighborhoods can be pivotal in making informed investment decisions. This sets the stage for a competitive analysis of state economies among the podcast hosts.

Intro

2min

Showdown of State Economies: A Competitive Analysis for Investors

1min

Discovering Delaware: An Investment Haven

8min

State Economies and Investment Insights

4min

Exploring Texas and Florida's Real Estate Dynamics

13min

Exploring Treasure Hunting and Real Estate Investment Opportunities

5min

Economic Growth and Cultural Flavor in North Carolina

7min

The Impact of Climate Change and State Investment Votes

2min

**UPDATE: We recorded this episode on October 1st, as North Carolina was beginning to recover from the damage caused by Hurricane Helene and before Hurricane Milton had formed. We approached this episode as an exercise in economic analysis -- an in-depth market analysis should include a deeper assessment of environmental risk than we had time for in this discussion. And of course, no investment is more important than human lives and safety. If you’d like to contribute to ongoing recovery efforts, please consider doing so here.

We talk a lot about the overall housing market, but what about the best states to invest in real estate? A state on the East Coast might see solid rents, booming business growth, and low inventory, while somewhere on the West Coast could be experiencing the opposite. At a state level, factors like economic strength, job growth, income tax, and others can greatly impact where Americans live and rent. So, which states would WE happily invest in now?

Today, we’re sharing the four states we feel bullish about in 2024, specifically for economic growth. And when there’s economic growth, there’s usually excellent investing prospects. You may have thought about investing in a few of these states before, and one of them you may have forgotten was even a state (sorry to those residents), but all of them boast real estate investing potential that many other parts of the US lack.

And, during a time when home prices are still high, some of these markets are seeing what could be a temporary decline, opening up the potential for you to go in and scoop up deals before their real estate markets begin to rebound. Which states are we most confident about? Stick around to find out!

In This Episode We Cover

Four states with booming economies and serious real estate investing opportunity

The tiny state with below-average home prices and most of the Fortune 500 companies

A southern state boasting serious potential as its real estate values try to recover

A “treasure hunting” housing market that may be overcorrecting a little too much

Why more tech is moving into this East Coast state and pumping up its property market

And So Much More!

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