Which markets are still generating real estate investment in the U.S.?
According to recent analysis from online marketplace NewHomesMate there are 17 metro areas in the U.S. that should continue to see real-estate investors and development.
NewHomesMate measured multiple factors to determine the hottest and coldest markets for real estate. Cities that have available job opportunities, lower than average home prices, increasing income growth, and increasing rents were seen as potential areas for continued investment.
In the report from NewHomesMate, the Sun Belt was well represented. Florida metro areas Jacksonville, Orlando, Tampa, and Lakeland are all expected to generate real estate investment. Tennessee was well represented on the list with Nashville, Knoxville, and Chattanooga making the list. Atlanta, Charlotte, and Houston were among the bigger markets that should continue to see investment in the real estate sector.
NewHomesMate highlighted the western part of the U.S. as the area that should see a decline in real estate investment. The Phoenix, Boise, Denver, Las Vegas, Reno, Seattle, and Spokane metro areas are predicted to see a decline in real estate investment.
Georgia Ports Authority to give $6 million for affordable housing
The Georgia Ports Authority will donate $6 million over the next few years to support affordable housing initiatives in Savannah, GA. This represents the largest outside contribution to the Savannah Affordable Housing Fund since its inception 12 years ago.
These funds will likely be directed towards home repairs for low- and middle-income households, and down payment assistance for first-time homebuyers in Savannah, Garden City, and Port Wentworth.
Want to live like a two-time Super Bowl-winning quarterback?
Patrick Mahomes, the two-time Super Bowl champion quarterback of the Kansas City Chiefs, has listed his Kansas City penthouse. This is the second time he’s listed his condo in the past four years, and it’s only listed for $550,000.
The penthouse unit measures 1,800 sq. ft. and comes with two bedrooms and two and half bathrooms. The unit has three decks, including a private rooftop deck. The living room and primary bedroom comes with fireplaces and large floor-to-ceiling windows. There’s also a private two-car garage included with a built-in storage space.
Pre-Approval
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in under 10 minutes. Grab a few important documents to get started.
- Tax Returns
- Copies of W-2s (or 1099s for independent contractors,
freelancers and the self-employed) - A payroll stub
- A bank statement
- Loan obligation info (student loans,
auto loans and credit cards)
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