5 Hottest Housing Markets Right Now
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▶ Play ClipAI Summary
The video presents the top five US housing markets that are currently appreciating despite a broader market correction. It highlights specific cities with strong fundamentals, including price growth, rental demand, and potential for various investment strategies.
[00:01]
Market Split
The housing market is split; while many markets are correcting, some are appreciating with strong fundamentals.
[00:13]
Milwaukee, Wisconsin
Prices up 4% last year, projected to grow another 2% in the next year. Rents allow for both cash flow and appreciation.
[00:28]
Richmond, Virginia
Median home price $375k, below national average. Rents around $1,700. Cash flow possible but harder; consider house hacking or flipping.
[00:40]
Philadelphia, Pennsylvania
Median home price $234k, rents $1,800-$2,000. Many small multi-family properties, good for cash flow.
[01:10]
Buffalo, New York
Strong appreciation, prices keep going up. Suitable for rentals, flips, and BRRRR if you can handle the weather.
[01:24]
Hartford, Connecticut
Appreciated 5% last year, expected to grow again. Strong demographics and economy, low prices with high rents. Works for flips, BRRRR, and long-term rentals.
The video concludes by encouraging viewers to share their favorite investment markets in the comments, emphasizing the potential in these five cities.
Study Flashcards (4)
What is the median home price in Philadelphia?
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What is the median home price in Philadelphia?
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$234,000
00:40
Which market appreciated 5% last year?
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Which market appreciated 5% last year?
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Hartford, Connecticut
01:24
What is the projected growth for Milwaukee next year?
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What is the projected growth for Milwaukee next year?
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2%
00:13
What is the median home price in Richmond, Virginia?
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What is the median home price in Richmond, Virginia?
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$375,000
00:28
💡 Key Takeaways
💡
Market Split
Sets the context that not all markets are correcting, providing a contrarian view.
00:01
📊
Philadelphia Affordability
Highlights a major city with low entry price and strong rental income potential.
00:40
📊
Hartford's Fundamentals
Demonstrates a market with strong demographic and economic base, ideal for multiple strategies.
01:24Full Transcript
[00:01] invest in right now. Housing market is split right now. A lot of markets are in a correction, but these markets are actually appreciating and have great fundamentals. Number five, Milwaukee, Wisconsin. Prices here went up 4% last
[00:13] year, projected to grow another 2% in the next year, and with rents averaging you can get both cash flow and appreciation. Number four is Richmond, Virginia. A little bit more expensive, but still under the national average.
[00:28] Median home price here is 375. Rents haven't kept up that much. They're about 1,700 bucks. So, cash flow, you can find it. It's going to be harder to definitely consider house hacking or flipping. Number three is one of the
[00:40] best big cities in America to invest in, Philadelphia, Pennsylvania. This is a relatively affordable market. The median home price here is just 234,000. But, rents can average 1,800 to 2,000 dollars, meaning you can absolutely find
[00:57] really good. There's a lot of small multi-family, so I like Philly a lot. Number two, hard to call this market hot, but it is, Buffalo, New York. Prices here just keep going up. One of the strongest appreciating markets like
[01:10] year, probably going to go up by a similar amount this year. And this makes rentals here, you can do flips here, you can do burrs here, if you can handle the weather. Number one, hottest appreciating market in the country that
[01:24] Hartford, Connecticut. Hartford appreciated 5% last year. It's expected to grow again this year, and there's just so much to like here. It's demographically pretty strong, economically has a strong base, and
[01:38] because the price is relatively low, but rents are pretty high. Again, anything works here. You can do flips, you can do burrs, you can do long-term rentals, you working in Hartford, Connecticut right now. Those are my top five. What are
[01:52] your favorite markets to invest in right now? Let me know in the comments.
