There are a number of markets that have the unique fundaments to predict strong ROI. However, they are not local to Boise, so if you are planning to invest you may want to look to other markets. We recommend Austin, Atlanta, Albuquerque , Portland and Raleigh - all of which have large, industry-diverse employers which are not dependant upon or tied to one another.
There are a number of factors to be considered to determine the future economic viability of a market, including:
â€¢ The natural path of growth within the metro
â€¢ The presence of large, sound, industry-diverse corporations
â€¢ Future plans for additional corporate entities
â€¢ Availability of State and Local government jobs
â€¢ The presence of cultural activities â€“ music, art and nightlife
â€¢ Leisure interest and recreational activities, such as golf, hiking and athletics
â€¢ The development of retail outlets and restaurants
â€¢ The quality of local school systems
While employment drives population growth, itâ€™s the intangibles that keep people in a particular neighborhood. So, in addition to market economics, the intangibles that make a community a highly-desirable place to live for a variety of demographic groups must be taken into consideration.
It takes a signifcant amount of time to research markets to recognize areas where real estate outperforms national and local averages so you invest ahead of the growth cycle, rather than follow it.
Hope that helps.