The team at LLC Attorney created the perfect study for people entering the world of real estate investment. The team weighed a comprehensive list of factors to determine the best cities for real estate investment, creating the perfect kickstart for people new to the real estate market. The results show us what the best cities for real estate have in common. These are all growing cities with ample employment opportunities, affordable properties, and decent returns for landlords. While a lot of warm-weather locations took the top spot, we can see exceptions on the list too, suggesting that the presence of big employers may be the strongest factor in driving the real estate market. The team found that the top four best cities for first-time investors were Port St. Lucie, Florida, Cape Coral, Florida, Cleveland, Ohio, and Garland, Texas. Each city is growing, has affordable home prices, and a thriving economy with attractive employers.
The housing market has been competitive for the past several years, leaving many Americans struggling and still dreaming about home ownership. As rents increase, mortgage interest rises, housing stock runs short, and housing becomes more expensive for everyone. The team at Madison Trust Company explores which states are the most and least affordable in terms of housing. They calculated how much of their income residents of each state paid as well as their median monthly costs.
America’s cost-of-living crisis has left millions vulnerable to eviction and foreclosure as rents soar, mortgage rates climb, and affordable housing remains scarce. Mortgage Calculator analyzed the percentage of adults behind on rent or mortgage payments to identify the metro areas at the highest risk. Their findings, displayed on a color-coded map, highlight these key hotspots:
Homelessness in the United States has taken a drastic rise, with rates rivaling the Great Depression era. The COVID-19 pandemic caused economic upheaval, leaving many people in a state of financial emergency, jobless, and unable to afford rising housing costs. The team at Mortgage Calculator emphasized a stark disparity between homelessness rates and the amount of vacant housing in the United States.
If you’ve bought or sold a home in the past few years, you know that the housing market has been through some massive changes. As you can see from this graphic by Madison Trust Company, we are at an all time high in average American home costs. The graphic shows average costs year by year since 1963. This big picture shows us just how dramatically the housing landscape has changed over the decades.
Do you feel like your money isn’t going as far as it once did? It’s not just you, it actually isn’t. Between inflation and rising costs across the board, things are simply more expensive these days. One area that isn’t exempt from this rise in prices is the real estate market. A house that was sold for $500,000 in 2018 would now be between 20 and 50 percent more expensive in 2023!
Since the beginning of the COVID-19 pandemic, home prices have fluctuated, prompting many people in the United States to relocate to different parts of the country as remote work became more prevalent. Consequently, home prices in various regions of the United States have experienced significant increases or decreases, depending on the location.
Throughout the world, rural properties, farms, and forests are scattered, but who holds the greatest landownership globally? Madison Trust has explored this inquiry and unveiled their findings in a fresh infographic that scrutinizes the world's largest landowners. Their research uncovers that the current reigning landowner worldwide is King Charles III of England, alongside the British Royal Family. Together, they possess a staggering expanse exceeding 6.6 billion acres of land across the globe, constituting a sixth of the planet's surface. Their ownership extends to various territories worldwide, including the United Kingdom and Canada.
While investing in commercial real estate seems like a very attractive investment, be aware of the obstacles and challenges that one will face when choosing to put money into this venture. Bear in mind, this also includes the current financial state of the country as it will factor in the level of risk in making that decision.
Louisville, Kentucky is known to be quite the sporty city. Not only is it home to many well-known and successful teams, but it is also the birthplace of the longest-running sports event in United States history - The Kentucky Derby, dating back to 1875. Switching to basketball, The Kentucky Colonels is considered one of America’s great ABA teams. This team has won the most games in the history of the American Basketball Association.
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