The 3 Best Places to Invest in Real Estate 2023

In this episode, @tonyreedco discusses The 3 Best Places to Invest in Real Estate in 2023 that will give you the best bang for your buck.

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1. Boise, Idaho

Bosie stands at the #1 position for real estate investment. It has a record of being one of the best long-term real estate investments in the U.S. Home prices are soaring in Boise and breaking records despite the coronavirus. The Boise Metro Area housing market is coupled with historically low 30-year fixed mortgage rates keeping the demand high and pushing home prices up in this region. The average median home sale price in Boise exceeds $500,000. Boise's real estate appreciation rate in the latest quarter was around 4.53%.

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2. Houston, Texas

Houston is one of the all-time best places to invest in real estate. This city is the home of the U.S. oil and gas industry and offers fantastic employment opportunities. In addition, greater Houston is Texas' fifth-largest metro region, with over 7 million residents, and its population continues to expand at a rate nearly double that of the rest of the country.

These solid macroeconomic factors continue to power the Houston housing market. The average home is valued at $412,000. The average rental income is $1,550, which is relatively low given the property valuations. However, Houston is a strong investment destination because it has a very active real estate market. Volumes of trade are high, and housing stock is moving fast.

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3. Las Vegas, Nevada

Las Vegas has experienced several booms in its history. And it saw an incredible real estate bust during the Great Recession. The Vegas housing market is both stable and predictable. Throughout 2019 and early into 2020, the Las Vegas housing market was the hottest in the United States.

The Las Vegas real estate market, is filled with new businesses. Its friendly business environment stabilizes the economy, which helps the Las Vegas real estate market. The Las Vegas home market reported the highest year-over-year gains in home values, totaling a 13% increase. Now is a good time to invest in Las Vegas rental properties.
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