01
Apr
Some real estate experts have projected a number of hot spots for buying opportunities in 2010. Here are some of their predictions:
Georgia was a hot spot before the economic downturn, and it continues to be a place of interest for buyers. Atlanta, the state capital, has steady job growth and low cost of living. Throughout the state, Georgia has undeveloped land along the countryside, charming residential property, and waterfront land along the beautiful Georgia coast.
Texas is a big state with lots of land for sale. Austin, Houston, El Paso, and McAllen have helped Texas become a hot spot in real estate. Austin has low taxes and great business support. In Houston, the port and the energy industry help sustain the city’s growth. McAllen and El Paso have both done reasonably well during the real estate crash and continue to have a healthy economy. Texas overall is a great place to find affordable land for sale in nearly every real estate setting. Texas has low unemployment and should continue to see increases in personal income. This added to the low interest rates, helps Texas’ real estate market in the coming years.
The Las Vegas market has been hot for years and continues to remain successful. It has been one of the most resilient markets in the US. City and airline analysts believe that the city’s population will increase by 50 percent in the next decade, bringing higher land prices along with it. Local real estate experts agree that a continuing upswing in property values and growth in the valley will be the trend.
In addition to these areas already mentioned, the top searches for properties in the US are:
· Buffalo, New York
· Orlando, Florida
· Michigan
· California
· New York
By: Eric Kandell