People tend to be creatures of habit. This goes for real estate agents and scouts as well. They overlook areas in the United States where the market has potential and is growing. These are the areas where you should shift your focus.
The New South
When there was a change in the South’s economy from farming to industry, the term “New South” was developed to signify that shift. As a result, the real estate market has also changed and has grown over time. With the increase of industrial jobs comes more people to the cities. More people equal more homes being built and more people to sell them. Real estate that is in high demand is great for the market because it urges prices to be more competitive, stimulating the economy. While some southern states can be humid, in most places you are able to experience all four seasons, which is a detail that many people are looking for.
The Upper Midwest
Those who are looking to escape the hustle and bustle they once knew, should move to the Upper Midwest. Not only are Midwesterners known for being incredibly kind, but their real estate market is also growing. Housing is cheaper, but that does not mean that you will live in a cheap, rundown area. People are even moving to the Midwest for schools. The only downside to the Twin Cities is you have to handle cold weather for a few months out of the year. However, summertime more than makes up for it when you are able to visit the many lakes that are part of the Upper Midwest.
The Mountain West
If hiking or anything outdoors is more your speed, the housing market is also booming in states like Utah, Nevada, and Idaho. The West represents a simpler life; however, this is still a growing economy with fresh ideas coming in daily. For example, Utah has significantly lower tax rates than over states, making them a strong choice for many businesses and families. You are able to get more bag for your buck in the Mountain West when it comes to housing.
The nature of the United States of America is that every state is different and is allowed to be different from one another. As the real estate market changes, you can rest assured, knowing that you invested in a stable and reliable market.
Read this next: How to Expand Networking Opportunities for Your Business