4 States With the Strongest Economies and Investing Potential
On The Market
Chapters
Shownotes Transcript
**UPDATE: We recorded this episode on October 1st, as North Carolina was beginning to recover from the damage caused by Hurricane Helene and before Hurricane Milton had formed. We approached this episode as an exercise in economic analysis -- an in-depth market analysis should include a deeper assessment of environmental risk than we had time for in this discussion. And of course, no investment is more important than human lives and safety. If you’d like to contribute to ongoing recovery efforts, please consider doing so here).
We talk a lot about the overall housing market, but what about the best states to invest in real estate)? A state on the East Coast might see solid rents, booming business growth, and low inventory, while somewhere on the West Coast could be experiencing the opposite. At a state level, factors like economic strength, job growth, income tax, and others can greatly impact where Americans live)** and rent**. So, which states would WE happily invest in now?
Today, we’re sharing** the four states we feel bullish about in 2024**, specifically for economic growth. And when there’s economic growth, there’s usually excellent investing prospects. You may have thought about investing in a few of these states before, and one of them you may have forgotten was even a state (sorry to those residents), but all of them boast real estate investing) potential that many other parts of the US lack.
And, during a time when home prices are still high, some of these markets are seeing what could be a temporary decline, opening up the potential for you to go in and scoop up deals before their real estate markets) begin to rebound. Which states are we most confident about? Stick around to find out!
In This Episode We Cover
Four states with booming economies and serious real estate investing opportunity
The tiny** state with below-average home prices** and most of the Fortune 500 companies
A southern state boasting** serious potential as its real estate values** try to** recover **
A** “treasure hunting” housing market** that may be overcorrecting a little too much
Why more **tech is moving into this East Coast state **and pumping up its property market
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise)
Find Your Next Investing Market)
Henry's BiggerPockets Profile)
Kathy's BiggerPockets Profile)
On the Market Episode 251 - Would You Vote for Any of These Market-Changing Economic Policies?)
What’s the Best Strategy for Your Market? Find Out with “Start with Strategy”)
Jump to topic:
00:00 Intro
02:52 1. Delaware
11:38 2. Texas
17:13 What to Buy in Texas
20:05 3. Florida
22:21 Businesses Love the Sunshine State
27:12 4. North Carolina
35:30 Best State to Invest?
Check out more resources from this show on BiggerPockets.com) and https://www.biggerpockets.com/blog/on-the-market-259)
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]).
Learn more about your ad choices. Visit megaphone.fm/adchoices)
