If you are flexible about location, these housing markets are predicted to stay strong in 2018.
When it comes to buying a house, they always say location is key. That being said, if you are a little flexible and just looking for a new start, it puts you in a whole different category in terms of where you can buy and what you can get for your money.
The US housing market has been in the green for the past few years, with small increases all over in terms of median home value. We are currently in the middle of a solid run, and home prices are expected to rise up to 4.6 percent this year. So if you buy now, you may see your investment increase in value in the coming years.
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These five markets are predicted to stay strong or increase in the coming year, so if you are looking to buy, you should get in while you still can.
5. Utah. The median home price in Utah is around $360,000, and the market is predicted to grow 3.2 percent this year.
4. California. It’s a bit more challenging due to a shortage of homes, but Stockton is one of the areas where we are seeing a lot of growth. The median home price there is $385,000, and the market is expected to grow by up to 4.6 percent.
3. Florida. I’m not just saying this because I grew up there, but Florida has had a good few years in terms of growth and expansion. In Deltona, the median home price is $275,050, and the overall market is expected to increase up to 5 percent.
2. Texas. Due to an influx of new companies, the Texas real estate market is on fire. In North Texas, the median home price is $339,950, and the market is predicted to grow 6 percent this year.
1. Nevada. Median home values in Las Vegas are expected to grow as much as 5.8 percent in 2018, and the average cost of a home is only $285,045. If you are looking for the best deal and open to relocating, Nevada is your best bet.[ via ] [ via ]