Denver, Colorado, and San Francisco have been named the top three markets in the country for real estate developers and investors to invest in real estate and start a business.
The list of the top five cities in the United States includes: Denver, California, San Francisco, California.
The top cities for realtors include: Los Angeles, California; Portland, Oregon; Austin, Texas; Atlanta, Georgia; Miami, Florida; and Washington, D.C. “Our analysis shows that the cities that have the most attractive real estate markets are in large part because they have good cities that are attracting investors,” said Mark Zandi, chief economist at Moody’s Analytics.
“When a city is a major hub for global markets, you have a real opportunity to build real estate assets.
So that’s a good thing.”
Cities that have strong cities, high growth rates, and a large percentage of college students tend to have strong economies and the fastest growth in real property values, according to Moody’s.
According to the report, the top 10 cities for companies to start businesses in are: Los Angles, California (7.7%); San Francisco (7%); Austin, TX (6.6%); Portland, OR (6%); Denver, CO (5.4%); San Jose, CA (5%); and San Diego, CA.
Other top cities to invest are: Baltimore, Maryland (3.8%); Los Angeles (3%); San Diego (3%), Boston, Massachusetts (3%); Dallas, Texas (3%).
“These cities are a mix of tech hubs and old-school industrial areas.
And the big question is, where do you put the most money in?” said Zandi.
“What is the most profitable market?
How do you grow your business?”
The study is based on data from the U.S. Census Bureau, the National Association of Realtors, and real estate investment trust.
The data also included data on median rents, median home prices, and average home value for homes, according the report.
“We looked at the growth rates of a range of different real estate sectors, from small to medium-sized, from large to mid-sized,” Zandi said.
“That allows us to see if there are areas where it makes sense to invest and which areas have the potential to have growth.
We also looked at which cities are attracting people with a particular skill set and how that might affect real estate prices.”
The top 20 cities with the most investment in realtorship were: Seattle, Washington (23.3%); New York, New York (22.1%); Miami, FL (21.9%); San Antonio, Texas, (21%); Phoenix, Arizona, (20.8%), Chicago, Illinois, (19.5%); Boston, Mass., (19%); Los Angies, California—(19%); and Dallas, Fort Worth, Texas—(18.5%).
Other top places to invest include: Boston, Connecticut (19%), Washington, District of Columbia (18.1%), Austin, Tex., (17.9%), Chicago and New York City (16.7%), and Orlando, Florida, (16%).