5 Top Cities in US to Invest In Housing in 2017

Whether you are looking to invest in a house to live or a cottage to rent out, only the smart investment will yield you the good results. The location of the property will decide how much you will need to invest and how much it can yield you back if you will rent out the property.

Here are the five most favorable locations in the US listed by Realty Table of Table2talk to invest in housing in 2017:

1. Dallas, Texas: The number one city on our list to invest in housing in 2017 is Dallas, Texas. It takes the top spot because, in Dallas Texas, prices are expected to grow the most of any city on this list. It is expected that the house you will invest in today in Texas will fetch you 9% annual home price gains.

2. Jacksonville, Florida: The second city on our list is Jacksonville, Florida. According to Forbes, in Florida, the annual house price growth is expected to be 9%. The house in Jacksonville, Florida is said to be undervalued by about 8% when compared to local income and the ration of the price.

3. Orlando: Orlando is a city which boasts about 7 percent population growth in three years and annual job growth rate of 4.4 percent. The economy of the city is growing so conditions are considered ideal to invest in a property in Orlando.

4. Seattle- The next city on our list is Seattle where housing prices rose by 12% in 2016, the most of any city. The Home price is this time second highest in the USA and the reasons for it are said to be the growing population and jobs which is making it difficult for builders to keep up. As the home prices have increased here, the rental demand will obviously become strong. So you can afford to invest in a property to rent out it for good yields.
5. West Palm Beach: The location enjoys 11% of annual home price growth with 4.7% three-year population growth and 1.9 % annual growth in the jobs. Though the price of homes has risen in West Palm Beach, homes are still not overvalued as one would expect them to be.

Smart Tips to Invest In Housing In 2017

If invested smartly the investing in real estate can be very lucrative. There are people who made millions in 2016 by investing in real estate. If you too are looking to expand your investment horizons in 2017, then here are 5 smart tips brought to you by Realty Table for you to invest in real estate, just take a look.

1. If you are looking to produce extra monthly income, then investing in a property to rent it out. It can be a great way to achieve this result.
2. Simply purchase a house at any of the above-listed location that fetches you a good rental income even after paying the tax, home insurance and monthly mortgage payment
3. Select a house in an area with high rents. But you will have to assess first that after down payment and the money required for maintenance, are your returns on investment worth it or not.
4. You can join others with the crowd funded real estate where you invest in a group either for a residential or a commercial property.
5. One of the benefits of this type of investment you are required to make a very little investment and still become an owner in a property. And you don’t need to be an accredited investor. This could be a lucrative way to invest in a property.

According to Realty Table, for every city on this list, the home prices are expected to grow by at least 17% by 2020. So if you will invest in housing in 2017, it can fetch you a huge amount of profit by 2020.