The investment market has never been better. But sometimes the best markets aren't in your backyard. If you're open to investing out of state, this may be of help.
While there are no guarantees in investing, the best way to anticipate the viability and potential of a market is to have solid, empirically sound data and research.
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.
To thoroughly understand a marketâ€™s potential takes time and expertise. 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
And beyond the market it's important to understand neighborhoods to know which will flourish and the type of homes that will appreciate.
We recognize a few markets based on their unique fundamentals: Austin, Atlanta, Albequerque, Portland and Raleigh.
Hope that helps.