Top 10 Hottest US Real Estate Market Growing During Pandemic in 2021
Pandemic has upended lives and even our economy is not left untouched from the effects. We now have a new perspective on the working rule, working environment, and making interactions with the people around us. It has brought about seismic shifts in the real estate market. Many largest cities that were previously ruling the market are losing their appeal as now people can work from anywhere, in any condition, at least expenses and with the absence of a large team. Many top cities like Los Angles, San Francisco, have not managed to make their place in the top 10 but some unexpected entries are there.
List Of Trending US Real Estate Markets In 2021
1. Florida –
If you wanted to own a house under the average process below the national average, then Florida will be a good bet for you. Many areas of Florida including Tampa, Orlando, Miami, and Jacksonville are the favorites of the clients especially during 2021. The reason behind this rise is due to better job growth seen in the areas during last year even due to pandemic. Florida is also known as the city of beaches and that is also a big reason that people love to make real estate investments here and spend their lives in the areas.
2. Texas –
Many cities of Texas are not as cosmopolitan as New York, Los Angeles, San Francisco, and at the same time they don’t have the amenities which can be the attraction for any buyer. Austin, Texas has become the hub for large tech companies including Google, Oracle, and Tesla. Last year, Austin was known as the second-fastest-growing metro area for jobs in the country. At the same time, the cost of the home here is not much that the national median. The reason, many families have chosen this as their option for the dream home. The budget-friendliness and job growth make it the fastest growing area in the country. Making a residential real estate investment in Texas will be a win-win situation for you.
3. North Carolina –
In the USA, millions of people love to have triangle homes and even this is a wise idea to offer better accommodations to the rising population in the coming years. As per recent surveys, housing growth is seen in Raleigh-Durham so there will be more houses built in the areas. In recent years, there is seen high-paying jobs related to research, tech, and science and that creates a market for investors who are interested in the high-end market. So, for people who have their plans to buy or invest, then this is the right place with apt opportunities for you. Another reason to make that your only choice is that here home supply exceeds demand. Raleigh is the hub of North Carolina for science and arts and also has many museums. The city has many famous tourist attractions as well.
4. Phoenix –
Phoenix has a huge growing home value that can be seen in recent years. The reason for this growth is because of a sudden influx of buyers including retirees and remote workers who wanted better space after spending less money. In this area, the cost of the home is slightly more than the average price, but that is due to a better pay scale with the increased tech jobs in Uber, Amazon, Shutterfly, and Yelp who have their offices in Phoenix which gives you the better cost of living. In Phoenix, during the last 2 years, the price of the home is jumped and it entered the hottest real estate market. The main attractions of the place include the largest number of golf courses, nightlife, and restaurants that help to finalize your decision.
5. Arizona –
Arizona has seen rapid growth in the sale of commercial real estate and the growth has reached almost 11.4% in 2021. The combined sales and price growth is about 18.5%. In case, when you wanted to have the amenities present there are all leading metropolitan cities. You can get these amenities but all that reach you without getting stuck in the traffic or hullabaloo. At the same time, you can have better job opportunities in the private and public sectors. So, any home buyer or commercial investor wanted to choose this less dense area, especially during a pandemic.
6. California –
This is a metro area, which has reached a huge amount of home sales movement. During the last 2 years, it has seen a growth percentage near 17.2%. The prices for the area have also seen some appreciation as the people wanted to get shifted to the areas as they will get better job opportunities. Many leading tech and other companies have come to the place and reason people wanted their dream home at the place.
7. Washington –
Seattle, Washington is one of the most popular names when there is a talk about topmost choices by the customers for the real estate market. In recent years, Seattle has seen a combined market growth of 18.6% and the median home value is equal to the average home value. Many buyers have shown their interests in the property here and so sellers will see an upper hand in the negotiations.
8. San Diego –
When there is talk of the top hottest US real estate growing market during a pandemic then how can one avoid or forget San Diego. San Diego is a name of the game in real estate and people love to live in here. The city is a little higher than average property options, but still, sees the growth of the number of home sales which is lesser as it was before the pandemic that makes an 11.3% increase in sales.
9. Colorado –
When the world was hit by the pandemic, then everyone was worried to think how the market will work as the world’s economy has hit very badly. But, the real estate market of Colorado surprisingly sees the rise. When the entire market sees the fall down by 8% then only in Colorado, the median home price of the area sees the increase by 7%. Many people from outside of the borders of Colorado showed their interest in buying the properties for home and commercial properties.
10. Utah –
Amid the pandemic, the U.S. has seen a boost in the housing market. The leading name in this booming market is Utah. Many of the real estate marketers manage to sell the highest number of homes to single families, townhomes, condominiums, mobile and recreational homes. It was the record sale of properties in the area seen during a pandemic.
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Real estate sees the boom in some of the states of the USA even during the pandemic, which is the time when the entire world was dealing with the fall down of the economy. To get notified by the target audience we A1webs can help you. We are a leading digital marketing agency and it is not a hidden fact that digital presence using Facebook Ad marketing can give a boost to the business which you are dreamt of. So, you can contact us today.