Three of Where to Invest US Markets - Atlanta, Charlotte, and Orlando make Top 10 List of Best Buys for 2014. These markets are poised to do exceptionally well this year especially as some people are even tossing around bubble language about the California market. These markets are offering the best values and cash flows for investors along the strong future growth potential. Contact us to get the latest offerings in these markets including new construction specials.
Home prices and mortgage rates are
on the rise, and some investors are retreating from the market. However,
Forbes believes there are still plenty of housing deals left for home
buyers in the new year, and with possibly less competition.
Forbes recently released a list of cities where prices are still low
but offer the potential of large growth in 2014. To compile its list,
Forbes partnered with Local Market Monitor, which tracks home prices and
local economic factors in more than 300 housing markets. Cities were
ranked based on housing markets still considered “undervalued” in prices
and that offer some of the largest job growth in their economies.
The following metros topped Forbes’ list for Best Buy Cities for 2014:
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Fort Worth-Arlington, Texas
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Median home price: $168,383
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3-year growth forecast: 25% (3-year growth forecast is prediction
for cumulative rise in home prices over the next three years)
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Prices are considered 20 percent below their actual value
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Dallas-Plano-Irving, Texas
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Median home price: $180,645
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3-year growth forecast: 29%
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Prices are considered 12 percent below their actual value
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Charlotte-Gastonia-Concord, N.C.-S.C.
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Median home price: $201,855
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3-year growth forecast: 24%
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Prices are considered 15 percent undervalued
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Nashville-Davidson-Murfreesboro-Franklin, Tenn.
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Median home price: $199,506
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3-year growth forecast: 23%
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Prices are considered 16 percent undervalued
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Houston-Sugar Land-Baytown, Texas
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Median home price: $191,279
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3-year growth forecast: 24%
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Prices are considered 13 percent undervalued
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Atlanta-Sandy Springs-Marietta, Ga.
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Median home price: $170,701
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3-year growth forecast: 26%
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Prices are considered 26 percent undervalued
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Oklahoma City, Okla.
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Median home price: $159,713
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3-year growth forecast: 16%
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Prices are considered 17 percent undervalued
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Orlando-Kissimmee, Fla.
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Median home price: $172,609
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3-year growth forecast: 35%
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Prices are considered 17 percent undervalued
Source: “Best Buy Cities: Where to Invest in Housing in 2014,” Forbes (Dec. 26, 2013)