I’m a Real Estate Agent: Buy Real Estate in These 10 Cities To Be Rich in 10 Yea...
source link: https://finance.yahoo.com/news/m-real-estate-agent-buy-120016832.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
I’m a Real Estate Agent: Buy Real Estate in These 10 Cities To Be Rich in 10 Years
If you're looking to buy an investment property that will pay off in the (relatively) short term, where you buy is key. There are some cities where home values are poised to skyrocket over the next decade, so buying property now will pay off big time when you are ready to sell.
Watch Out: 5 Expensive Renovations Homeowners Always Regret
Learn: 3 Things You Must Do When Your Savings Reach $50,000
GOBankingRates spoke with Jeff Tricoli, broker associate with Keller Williams' Tricoli Team; Mitchell G. David, real estate agent and founder of the Beach Life Premier Team; Fant Camak, realtor with Coldwell Banker-Caine; and Shaun MacDonald, realtor with Berkshire Hathaway HomeServices Verani Realty, to get their picks for the best cities to buy real estate now if you want to be rich in 10 years. Here are the places they chose.
This article originally appeared on GOBankingRates.com: I’m a Real Estate Agent: Buy Real Estate in These 10 Cities To Be Rich in 10 Years
FortuneThe housing market is so detached from fundamentals that a leading research firm predicts the pause in home price declines is about to ‘prove temporary’
Capital Economics just put out a new report titled “Pause in house price declines to prove temporary.”
2d ago
FortuneWall Street’s biggest bull called this year’s stock market rally—now instead of a recession, he says ‘the economy is actually slipping into an expansion’
Fundstrat’s Tom Lee is known for his bullish takes. He called a 20% S&P 500 rebound this year, and it’s up over 14% so far.
1d ago
FortuneA professor started tracking ‘Fortune 500 CEO colleges’ 20 years ago, and ‘the results were stunning.’ They haven’t stopped surprising him since
“Like everyone else,” David Kang assumed the Ivy Leagues would dominate, “but the largest place they had gone was to no college at all.”
9h ago
FortuneJerome Powell just admitted that some banks are in trouble with their commercial real estate holdings: ‘We do expect that there will be losses’
“There will be banks that have concentrations, and those banks will experience larger losses,” Powell told reporters on Wednesday.
6h ago
Business InsiderHome prices are set to tumble in the 2nd half of 2023 as mortgage rates rebound and the economy slows, economists say
The housing market's resilience to start the year is going to reverse in the coming months, according to a Capital Economics report.
1d ago
Benzinga'I Told You So!' — Dave Ramsey's Accurate Call on Real Estate 18 Months Ago. What Does The Money Expert Say Is Next?
Who can forget the Great Recession? For those heavily involved in real estate or grappling with the aftermath of underwater mortgages, the memories may still sting. The subprime mortgage crash of 2008 inflicted a harsh reality as housing prices plummeted by one-third, leaving lasting scars in its wake. Today, with mortgage rates skyrocketing and high-profile bank failures still fresh in the collective consciousness, Americans find themselves approaching the housing market with a healthy dose of
1d ago
Benzinga3 REITs Hit With New Downgrades To Start The Week
Wall Street analysts wield a lot of influence. A favorable or unfavorable mention of a stock by a well-known analyst or brokerage can move a stock up or down by several percentage points overnight. In the case of a downgrade or severe price target slash, it can take weeks or longer for a stock to recover. An upgrade or downgrade can also spur other analysts to announce similar new ratings, leading to even larger gains or losses. This week, three very different real estate investment trusts (REIT
1d ago
FortuneSupreme Court Justice Clarence Thomas had a secret real estate billionaire benefactor. We just got a look at the other justices’ holdings
Sonia Sotomayor's more than $1 million apartment in New York City's West Village was disclosed—and John Roberts's house in Ireland.
9h ago
Business InsiderThe housing market is so tight because 90% of homeowners locked in lower mortgage rates before last year's surge
Nearly a quarter of homeowners have a mortgage rate below 3%, close to the highest percentage with a rate that low on record.
5h ago
FortuneTop real estate CEO––and AI whiz––shares data showing America’s housing market is significantly overvalued. The headline number may shock you.
Sean Dobson, founder and CEO of property powerhouse Amherst, has access to unique data as one of the largest owners of single-family homes in the U.S.
2d ago
InvestopediaTop REITs for June 2023
Minto Apartment, National Health Investors, and Apartment Investment lead for value, growth, and momentum, respectively
2d ago
Yahoo FinanceIt hasn’t been this hard for homebuyers to get a mortgage since 2013
An index measuring mortgage availability overall slid for the third month in a row to the lowest level since January 2013.
7h ago
ReutersHomebuilder Lennar raises full-year forecast for home deliveries
Existing homes inventory remains 44% below pre-pandemic levels, according to data from the National Association of Realtors, resulting in price rises in some parts of the country, multiple offers and homes being sold above list price. The perennial shortage of homes on the market is frustrating would-be buyers eager to take advantage of dips in mortgage rates. "As consumers have come to accept a "new normal" range for interest rates, demand has accelerated, leaving the market to reconcile the chronic supply shortage derived from over a decade of production deficits," said Stuart Miller, executive chairman at Lennar.
6h ago
Yahoo FinanceHousing data shows that Americans still love the South
Four Southeast cities of the 20 nationwide tracked by S&P CoreLogic Case-Shiller index led year-over-year price growth in March. The cities are Miami, Tampa, Charlotte, and Atlanta.
1d ago
Business InsiderLow housing supply could squeeze home prices up 5% in 2023 even though mortgage rates have spiked, Zillow economist says
Falling inventory levels are "a big, huge, massive part of the picture," Skylar Olsen said on Monday.
8h ago
BloombergSternlicht’s Starwood Eyes Sale of More Than 2,000 Rental Homes
(Bloomberg) -- Starwood Capital Group, led by Barry Sternlicht, is exploring a sale of more than 2,000 single-family rental homes. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Economic Forum Puts Russia’s Isolation on DisplayAmericans Say They Need $2.2 Million to Be Considered WealthyMany of the homes being offered for sale
1d ago
The Wall Street JournalHow Many Pavilions Is Too Many Pavilions? For This Homeowner, Three Was Just Right
Julieann Shanahan spent $1.6 million to build a trio of these freestanding structures in the backyard of her Villanova, Pa., home.
7h ago
SmartAssetHow Can I Peacefully Handle Inheriting a Home With My Siblings?
Inheriting a house with siblings can raise some questions about what it means for each of you financially. For example, will one of you live in the home and buy out the others? Or will you sell it and split … Continue reading → The post What to Do When Inheriting a House With Siblings appeared first on SmartAsset Blog.
2d ago
Benzinga10 States With The Highest Rent Increases
Rising home values coupled with increased interest rates are causing many people to rethink whether now is the right time to buy a house, and that’s pushed lease rates higher than they’ve been in years. Florida and Colorado have seen rent prices increase by more than 45% since 2020, according to an analysis of Zillow data from luxury real estate experts at RubyHome in California. Florida’s average rent increased to $2,128 in 2023 — an increase of 45.77% over 2020. Because Florida doesn’t have re
7h ago
Business InsiderRenters about to catch a break as rents post their biggest drop in 3 years
Growing vacancies and a decline in people looking to move brought down the asking rent price in May, Redfin reports.
1d ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK