The surprising cities that are expected to conquer the US real estate market by 2020!
After many years when housing prices have plummeted across the state, next year the trend is likely to change and become more dependent on the city's location. For example, cities such as Boisey (Idaho), McAllen (Texas), and Tucson (Arizona) are likely to experience significant increases due to many moving into their fields.
If you were asked in which American city the real estate market is expected to be particularly fiery by the beginning of the third decade, you would probably have guessed one of the big cities: Los Angeles, San Francisco or New York. But this week the real estate site published Realtor.com Because the city of Boise, Idaho, is expected to hold the honorable title.
It is important to explain that the site examined the cities according to two important issues: the amount of homes that will be sold in their area, and how much property prices will jump. Therefore, site analysts believe the Idaho capital will rise significantly due to the fact that many choose to move to a city from other states, especially California.
"The weather in Boise is cold, but far fewer than places like Colorado. New residents are attracted to it for a variety of reasons, including the successful education system, relatively slow pace of life and the fact that quite a few giant companies - including HP, and Micron - hold huge offices in the city," the site said.
In fact, the phenomenon is not new, and in the last year there has been an 11.1% rise in house prices in the city, according to official data from the Ministry of Housing and Urban Development.
After Boisey, there are two other cities that might cause quite a few people to raise eyebrows: McAllen, Texas, and Tucson, Arizona. The Texas border city squeezes quite a few young couples because house prices are relatively cheap, and Texas tax laws are more favorable than states such as California and New York. Many young people are also attracted to Tucson, as the University of Arizona is, but quite a few older people looking to escape the cold Northeastern US are moving to it.
George Wrighto, a senior economist at Realtor.com, explained that a different trend is expected next year: "In the last eight years, we have seen housing prices jump all over the United States. But next year, geography will have even greater significance," he said. .
The geographical change we are talking about is the desire of many to move to cities that are far offshore. For example, in the top 10 cities in the ranking, only one city (Charleston, South Carolina) is a coastal city. Another phenomenon that is expected to be clearly expressed is the move to medium-sized cities that are within driving distance of large cities.
For example, house prices in Colorado Springs are likely to surge significantly thanks to the passage of many. Like Boisey, she also offers a good education system, and anyone who still feels like the big city is missing will be able to travel to nearby Denver.
Photos: Idaho / Colorado Springs
Anyone invest in these cities?