The 10 Hottest Housing Markets for Real Estate Investment
By Maggie Wilson @ Real Estate Daily
April 6, 2018

Home prices are heating up across the country, and some housing markets are emerging as “hidden gems” for real estate investment. Many experienced investors are targeting lesser known U.S. markets to find unique opportunities for profit.

Ten members of The Forbes Real Estate Council, an organization for executives in the real estate industry, selected their ideal city for real estate investment, and some of the choices may come as a surprise.

Here are the ten best housing markets for real estate investment, according to some of the top industry executives:


1. Downtown Los Angeles

Downtown Los Angeles used to be unsafe, but in the past three years, the city has taken huge steps to make it safer. There are guards patrolling the streets on bicycles. With the Olympics coming to Los Angeles in 2028, tech companies moving to LA because of price rise in the Bay Area and shortage of space in other parts of LA, the gentrification of DTLA is inevitable. – Nikhil Choudhary,Zenith Engineers Inc

2. Austin, Texas

Austin has a relative low cost of living, educated workforce and enviable quality of life. Commercial real estate is on fire. Those who allow extra time for approvals, and room for property taxes, should be well positioned for the future. – Stephen Clark, Clark Investment Group

3. Houston And Dallas

Houston and Dallas are both seeing rental growth in B and C class product. However, available inventory of investment properties is limited at the moment — and that’s all the more reason to have your alerts set and be on your local brokers’ mailing lists. – Caroline Kane, CKR Property Management, LLC

4. Miami

Foreign buyers have dropped $7.5 billion on homes in the U.S. costing over $1 million, with 40% of those purchases in Miami, Los Angeles, and Manhattan, according to The Real Deal. A whopping 25% of the total was in Miami, the reason being Miami’s tax advantage and, most importantly, the price per square foot, which is substantially lower than average. I would advise considering South Florida. – Gabriel Souza, Ictus Group at Decorus Realty

5. Phoenix

We continue to find opportunities to acquire properties in the Southwest that are underperforming not due to location or the economy, but lack of engaged owners and managers. – Brion Crum, Caliber:The Wealth Development Company

6. Atlanta

Atlanta is a great market to invest in. It is home to many large corporations such as Coca Cola, Delta and the Home Depot (and hopefully the second headquarters for Amazon) so it has a great deal of potential investors with a great renter profile — they have great jobs and are willing to pay more for rent.  –Ali Jamal, Stablegold Hospitality

7. Memphis, Tennessee

Memphis, Tennessee has consistently offered value and growth. There are viable investments in most U.S. cities. What is important is not overpaying. Look at the numbers, be sure you can make money even if the market doesn’t grow or dips a little temporarily. – Kent Clothier, Real Estate Worldwide

8. Chicago

Chicago is ranked No. 1 on many real estate investor lists. Investors looking to lower risk are smart to consider the diversity of industries that safeguard the Midwest from the large economic swings in housing cost cycles felt on the coast. – Linda Liberatore, Secure Pay One – My Landlord Helper

9. Washington, D.C. Metro Area

The D.C. metro area is poised for growth in 2018, having added more than one million square feet of office space last year. Affordable city neighborhoods like Petworth, Mt. Pleasant and Deanwood (which was named one of the 10 hottest neighborhoods in the U.S.) are areas to watch, as well. – Bobby Montagne, Walnut Street Finance

10. Seattle

There is arguably no better place on Earth growing faster than Seattle, Washington. This will be the next New York, simply because land is now becoming scarce, and the city can’t keep up with the large growth it has seen in the last few years. This leaves builders with only one choice: Build up. At that point, land becomes much more valuable. – Lucas Pinto, Lucas Pinto Real Estate Group, LLC

View the original article at Forbes