Coming in at number one is Dallas, Texas. The average home prices for Dallas continues to be on the rise as they are up 8% from the previous year. Recently the job market has been strong, allowing many people to migrate to the fourth most populated metropolitan city in the United States. Due to the high volume of jobs, it seems houses are not being built fast enough to keep up with the high demand. According to the Dallas news, two houses are erected for each new job created. This just goes to show you how hot the real estate market is is Dallas right now.
Miami had made a significant improvement in the housing market after a housing crisis. Many investors in the area could see as much as an 18.57% return in their properties. Miami’s housing market is one of the fastest growing in the nation, as rent prices have continued to increase each year. Over the last year, one and two bedroom apartment prices have risen 10.6% and 10.9%, respectively.
Atlanta is on the rise in the housing market. Many investors have been pleased with the turnaround Atlanta has had since the housing crisis with the majority seeing a 16.45% return on their investments. Additionally, downtown Atlanta has served as an attractive focal point, drawing many civilians to come and enjoy the beautiful city. With an awesome amount of shops, restaurants and bars to choose from, Atlanta has truly become a great place to establish residency.
Yet another city in Texas claiming one of the top spots. Over the past few years, Houston has seen major growth in the real estate market as the rise in Houston’s population continues to be a major factor. Condominiums here are also on the up as prices have rose 13.6 % over the last year alone. However, according to Zillow, the “Space City” is one of the best place to get a discount on property, so if you are looking to buy, this might be the best time to do so.