What do the Hottest Real Estate Markets have in Common? Wealth BCI Finds Out


The housing market in the US is expected to perform particularly well this year for more reasons than one. It is vital to note that there are various factors in common which play a very critical role in enhancing the potential of a market. Wealth BCI has come up with the following key areas which connect the hottest real estate market in Arizona.

  1. The Degree of Common Minimum Affordability

One of the foremost factors that make a market potentially lucrative is its affordability.

If you consider the markets mentioned above, reports have shown that the average selling price of these in 2019 were around forty per cent below the national average. The amount was pegged at $213000. The median asking rates of the markets mentioned were below the US average.

  1. The Degree of Relative Momentum in the Market

Another significant aspect is the degree of momentum in the market. In other words, how quickly does the median sale price increases determines the pace of momentum.

Consider Arizona, for instance. According to extensive fact-finding by Wealth BCI, the median sale price of the Arizona market shot up by around six per cent. It is all the more promising a rate in the backdrop of the mere three per cent (3.8, to be precise) gain in the national average. In that case, it may be said that Arizona has been coming off very well, and this directly feeds the next criterion.

  1. The Scale of Common Minimum Job Growth

The rate of job growth plays a crucial role in shaping up the prospects of a market.

In the year 2019, the average job market continued fairly sluggish. However, it is expected to kick back this year. Job growth triggers house formations and, therefore, boosts the real estate market. Consequently, one can expect higher selling prices as demand outgrows supply.

Consider, for instance, Tucson. It is one of the most fertile job grounds in the country today. Specifically speaking, the boom in its technology sector is set to boost the local real estate including Columbia, too, have been showing considerable potential.

Conclusion

The aforementioned points, while vital, are no better than predictions. The real estate market is full of tremors and abrupt shifts. Therefore, nothing can be taken for granted.

 

 


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This Property Summary has been prepared solely for, and is being delivered on a confidential basis to, persons considering a possible business relationship with the Company (defined in the offering package). This Presentation is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any equity, debt or other financial instrument of the Company. No offer of securities shall be made except by means of a private placement memorandum meeting the requirements of the Securities Act of 1933, as amended, and applicable regulations of jurisdiction in which such an offer may be made. Any reproduction of this Property Summary, in whole or in part, or the disclosure of its contents, without the prior written consent of the Company, is prohibited. WealthBCI makes no representations, express or implied, regarding the accuracy or completeness of this information, and the reader accepts all risks in relying on the above information for any purpose whatsoever. Certain information presented or relied upon in this presentation has been obtained from third party sources believed to be reliable, however, we do not guarantee the accuracy, completeness or fairness of the information presented. These materials are not intended to provide, and should not be relied upon for investment, accounting, legal or tax advice. Actual transactions described herein are for illustrative purposes only, are presented as of underwriting and are not indicative of actual performance, and were selected based on objective, non-performance factors such as asset-type, geography or transaction date, among others. Before making an investment decision with respect to any investment, investors are advised to carefully read the related final documentation and offering memorandum documents. No offer of securities shall be made except by means of a private placement memorandum meeting the requirements of the Securities Act of 1933, as amended, and applicable regulations of jurisdiction in which such an offer may be made. Any reproduction of this Property Summary, in whole or in part, or the disclosure of its contents, without the prior written consent of the Company, is prohibited.