Start with locations with a housing boom if you want to invest in real estate in the US in 2022. For example, you might want to go towards Charlotte or Boise if you want to purchase a single-family house. Among the nation's fastest-growing locations, these locations are well-positioned for real estate investment growth. But before you begin, continue reading for more information on these cities' property markets.
Recent research claims that Austin is experiencing a housing boom. By 2022, property prices in the Austin-Round Rock metropolitan region are expected to increase by 20%. However, it will be difficult to find a property to buy because there won't be many on the market. Delays in supplies and construction are prevalent issues since the building business is not keeping up with the growing population. In addition, more young individuals are moving to Austin due to the city's expanding tech sector.Rent costs will thus probably remain unchanged, restricting purchasers' capacity to pay more than the asking price.
Austin's housing market has recently been one of the strongest in the nation. With only 0.4 months' worth of properties on the market in January, inventory levels were dangerously low. Austin would experience a buyer's market if supply fell to zero. Austin's current inventory levels are less than the five months required for the market to stabilize. The Austin MSA's inventory levels are at 1.2 months, which is a good level for a housing boom.
The booming rental real estate industry in Boise, Idaho, is driven by low mortgage rates and high living standards. Due to a scarcity of available inventory, rents and property prices have risen, and investors are well-positioned to profit from the booming market. Rent-restricted flats and micro-apartments in former hotel rooms are among the new development projects springing up throughout downtown Boise. In addition, luxury apartments and rent-restricted flats are both being built.
On the other hand, Boise is one of the most inflated markets in the country. Prices don't always correspond to worth, but individuals usually decide what is valuable. Rents and property prices will probably go up because there aren't as many housing alternatives in the region, and the population is rising. Additionally, house owners will incur higher expenditures due to increased interest rates. Despite rising housing prices, there is still a considerable chance of appreciation.
Journalists recently released an analysis of local single-family home buying patterns from The Charlotte Observer and The News & Observer. Although there is a substantial margin of error, they discovered that Charlotte's homeownership rate is increasing. From 2016 through 2022, homeownership in Charlotte remains essentially the same, with a modest reduction from the pre-recession era. Homeownership in Charlotte, however, has increased to a high of 73 percent during the last ten years. Despite these results, the county and local governments have not addressed the sector significantly.
Landlords may be certain that tenants will remain interested in their homes, given the absence of available inventory. In addition, despite recent price increases, merchants' typical profit margins in the US are still far lower than they were six to seven months ago. As a result, landlords may be sure that there will always be a need for their homes. With such ideal market circumstances, Charlotte's single-family rental market looks bright in 2022.
An impending increase in interest rates, low unemployment, and a brisk real estate market are the causes of recent gains in the median house value in Charlotte, North Carolina. Rental prices rose by 15.5 percent last year due to these reasons. In the years to come, these rental costs are anticipated to increase even more quickly. Supply and demand will benefit the landlord in a market with just 0.7 months' inventory.
Charlotte's real estate market is booming and has been rising rapidly. The recent epidemic and historically low borrowing rates have created pent-up demand in the city. With a growing economy and a supply of fewer than 0.7 months, competition alone is expected to increase property values. In actuality, projections call for a median growth of 21.0 percent over the following 12 months.
Investors can use various exit strategies in the Phoenix housing market, such as buy-and-hold investments and assembling a portfolio of rental homes. In the very competitive housing market, recent homeowners would have to settle for less, but long-time residents might desire to upgrade their present residence. As a result, a buy-and-hold investment strategy is the most promising for Phoenix real estate investors, according to several market statistics.
The city offers excellent growth potential and competitive property values. Phoenix is the ideal location for young and elderly purchasers because it has a large population of retirees and millennials. The city has become a popular destination for tech firms. Population growth and excellent real estate values, with property prices increasing by more than 28% annually, are the main drivers of the city's growth.