It’s a new year and heck…it’s a new decade!
2020 is here and there’s money to make as a real estate investor.
We’ll take a look at some of the top trends happening in real estate as reported by Realtor.com.
A good question at the macro-level every real estate investor should ask themselves is “Where are people moving from and to in the U.S.?”
According to moving company United Van Lines, people are moving out of New Jersey like the children of Israel in the exodus from Egypt.
The state is too cold, taxes are too high and homes are far too expensive. The study went on to show that seniors are the top category filing out of the state in search of sunnier skies and a lower cost of living.
Here’s the top 10 list of states people are leaving:
- New Jersey
- New York
- North Dakota
You may be wondering where they are going. Here’s the top 10 list of states people are moving to:
- South Carolina
- Washington, DC
- South Dakota
- North Carolina
- New Mexico
Millennials are also moving to these destination spots in search of more temperate climates, lower cost of living and higher paying jobs.
You can use this information to make your real estate plans for properties you wish to purchase and rent out.
For instance, even if you focus your real estate investments in your own city, it’s smart to purchase properties where taxes and housing costs are moderate but the communities are nice with plenty of amenities and good school districts, and access to highways and employment is nearby.
In the next part of this article, we’ll look at what rental rates are doing as we settle into 2020.
If you’re ready to take the next step towards your own real estate investment success, you should connect with the team here at Utz Property Management to learn more about how we can help you achieve your goals as a real estate investor.
Schedule your PROPERTY PROFITS STRATEGY SESSION today.
In This FREE 1 Hour Session, an expert real estate investment coach from our team will work personally with you to…
- Examine your current real estate investment portfolio/plans to see what’s working and what’s hurting. Discover where you’re making money and losing it.
- Search for the diamonds in your backyard, the low-hanging profit opportunities that can be made with minor tweaks.
- Present the best path for tweaking your investment game-plan so you can build wealth faster, with more predictability and stability.