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Fastest Growing States for Real Estate Investors

Fastest Growing States for Real Estate Investors

FromReal Estate News: Real Estate Investing Podcast


Fastest Growing States for Real Estate Investors

FromReal Estate News: Real Estate Investing Podcast

ratings:
Length:
3 minutes
Released:
Feb 17, 2023
Format:
Podcast episode

Description

Population growth, job growth, and infrastructure growth are some of the essential ingredients for a healthy real estate market. They all feed into housing demand, and should be important considerations for determining where to buy rental property. A recent NAR report on population growth puts Florida and Texas at the very top of a national list for population growth in 2022.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   “Where People Moved in 2022”   The National Association of Realtors published an article called “Where People Moved in 2022.” It is based on data from the Census Bureau data on net migration for each state. Not only did Florida have the highest number of newcomers at 318,855 people, it also had the highest percentage of population growth at 1.9%.   Other states with impressive statistics include Texas, which was second on the list for the highest number of new residents. The data shows 230,961 people moved to Texas, but the percentage of new residents was a little lower than Florida at 1.6%. Idaho and South Carolina were higher than Texas when you look at the growth percentage. Those figures were 1.8 and 1.7% respectively.   Other states near the top of the list include North Carolina, Tennessee, Georgia, Arizona, Alabama, Oklahoma, and Nevada. The list ranks all 50 states so you can see for yourself where each state stands for in-migration and out-migration.   California was at the very bottom of the list with the loss of 343,230 residents. That lowers the population by -.3%. New York wasn’t much better with the loss of almost 300,000 people and a population decline of -.9%.   Why Investors Love Florida & Texas   Getting back to places like Florida and Texas, they are both in the Sun Belt region which attracts a lot of people. They are still more affordable than many markets around the country, and both have experienced a robust job recovery after the pandemic.   At RealWealth, we've been strong advocates of both the Florida and Texas markets, for cash flow and growth. To help investors get to know the areas, we have set up property tours through out the next few months. Starting with Dallas on February 25th and 26th, Orlando on March 4th, Southwest Florida on March 18th, Tampa on March 25th, Charlotte, North Carolina on April 1st, Indianapolis on April 15th, Jacksonville, and Florida on April 22nd. I will personally be attending the Tampa tour on March 25th, so I hope to see you there! You can see the list and get all the details at realwealth.com/tours/. You need to be a RealWealth member to sign up for the tours, but it’s free to join at newsforinvestors.com.   As always, I ask everyone to please subscribe to our podcast, and follow me on instagram @kathyfettke.    Thanks for listening! I’m Kathy Fettke.   Links:   1 - https://www.nar.realtor/blogs/economists-outlook/where-people-moved-in-2022
Released:
Feb 17, 2023
Format:
Podcast episode

Titles in the series (100)

Don’t get caught off guard by market crashes that can take all your money down with them. And don’t miss out on markets where you can build wealth practically overnight. Real Estate News for Investors with Kathy Fettke is the premiere source for savvy real estate investors who want the edge. Stay up-to-date on new laws, regulations, and economic events that affect real estate. Topics include: market trends, economic analysis that affects housing prices, updates on the best rental markets for investing in single-family rentals or multi-unit rentals, turn-key housing standards, the fate of the highly revered 1031 exchange and other tax law affecting investors, self-directed IRA investing and 401k changes, where rents and property values are rising or falling, flipping risks, new Dodd-Frank rules regarding private lending and financing standards, areas with job losses vs job growth, areas that are overbuilt or over-supplied versus areas with low supply and high demand, and how to avoid real estate scams. We'll bring you the latest reports from organizations like the National Association of Realtors, Realty Trac, Fannie Mae, Freddie Mac, Zillow, Trulia, Redfin, Rent Range, Property Radar, the Norris Group, Peter Schiff, Robert Kiyosaki’s Rich Dad, Suse Orman, Bigger Pockets, Dave Ramsey and more. And we'll help you interpret the data in terms that make sense for your real estate goals, and portfolio. Grow and protect your wealth by staying on the forefront of economic data analysis, expert opinions, innovative investing strategies and profitable investment opportunities. We'll share all the top real estate news stories and the best trade secrets investors should know, so you can stay ahead of the curve and make fully informed real estate decisions. Host Kathy Fettke is Co-CEO of the Real Wealth Network, author of Retire Rich with Rentals and host of the Real Wealth Show on iTunes. She brings decades of media and real estate investing experience, offers her own viewpoints on particular topics, and taps into her network of real estate experts for real world news updates created just for investors like you. Get the real news on real estate on The Real Estate News For Investors Show!