While the real estate market as a whole is prone to upward and downward trends, there always seem to be certain markets that are somewhat immune to the factors that shape the strength or weakness of other geographic areas. There are a number of ways to evaluate various markets to determine which ones are poised to grow at rates that eclipse those of other areas, as the presence of significant international investments or innovative industries can insulate a market from a negative influence. There are sure to be changes from year to year, but the following four real estate markets are poised to enjoy the greatest deal of success for investors in 2016.
Phoenix
The rapid growth of this market has been a real boon for roofing contractors Phoenix, as there has been plenty of quality construction going on in the area as the real estate market continues to gain steam. With plenty of outside investment and a record of stable and consistent growth, the Phoenix area is increasingly being recognized as a strong market that warrants the attention of serious real estate investors. As an added benefit, there are many other incentives that come with living in the state of Arizona or investing in the real estate market by purchasing property within the state’s borders.
Los Angeles
There are just some markets where it seems that there is no possible way that the value of real estate can continue to grow, yet it inevitably does just that. With a high cost of living and its famously inconvenient traffic, Los Angeles has consistently enjoyed significant real estate growth going back several decades. Investing in this market requires access to a great deal of capital, but the return on the initial investment is so strong that it is entirely worthwhile to lay out such a significant figure. For investors capable of making such an outlay, the real estate market in Los Angeles may represent a safer option when compared to other markets in which property can be found at such a reduced rate.
New York
One of the most interesting developments in the real estate market over the past few decades has been the transformation of some of New York’s most infamous areas. It was not too long ago that Brooklyn — Williamsburg in particular — was considered so unsafe that property could be snapped up for pennies on the dollar. Properties in those formerly undesirable neighborhoods are now going for seven and eight figures, and similar opportunities exist throughout New York City to find properties in areas poised for rapid growth. Investors looking for a relatively short-term investment may find an ideal market in New York City.
San Francisco
Like Los Angeles, the price of real estate in San Francisco has always seemed to be so costly that there is no possible way to imagine it continuing to go up in value. The market in San Francisco, of course, is stronger than ever, with the city enjoying tremendous growth aided in part by the presence of many successful tech companies along with an influx of residents seeking to become part of the continuously booming tech industry. While the value of real estate is stronger than ever, the likelihood that a downturn is on the horizon is absolutely minimal. To enter the San Francisco real estate market, investors have to have quite a bit of capital at their disposal, but the potential for a sizable return in this market is as likely as ever
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