So 2005 is almost over and investors are looking for the best cities for investment real estate for 2006. Well I've been following the industry for almost 20 years and I've confident to say that I can make an educated guess on what cities are going to show the highest real estate investment returns for 2006. First let me start off by saying that no one can know for sure what cities will have the highest growth rates for the new year but with enough experience and knowledge one can at least make a surprisingly accurate educated guess. Cities to Invest in for 2006 1. Orlando, Florida - While places like Phoenix and California have increased at a pretty steadily rate for 5+ years Orlando has only recently started booming over the last few years and is still my #1 pick for investing. There are many reasons why I feel Orlando is going to grow steadily over the next few years but one of the main factors is that families are flocking to Orlando for vacation and as we all know family vacations ARE NOT effected by economics. People continue to go on vacation regardless if the economy is up or down which is something few industries do. So with that said, real estate all over the United States may level off over the next 5 years but as long as Orlando keeps happy families coming in, Orlando will not be affected by any negative real estate developments. 2. Las Vegas, Nevada - While many believe Las Vegas has hit a plateau in real estate pricing, I believe there is still a good amount of juice left in this little piece of Nevada desert real estate for several reasons. One being that Las Vegas real estate will stay strong because this is not a bargain town filled with tire kickers. For some unknown reason Las Vegas is one of those cities where you go on vacation and forget about the pocket book. The more people that move here the more traditional real estate appreciate, the more people with money vacation here, the more investment real estate appreciates. 3. Biloxi, Mississippi - This is by far the newest city to feel the investment real estate boom. You see as some cities become less attractive to invest in investors ban together and start in another areas and Biloxi Mississippi seems to be this new place. Hundreds of investors are looking at Biloxi Mississippi to be the next Las Vegas and only time will tell if the public agrees with their decision. So you maybe asking "Mark, Why isn't Biloxi Mississippi your number one pick for cities to invest in for 2006?" The answer is easy, this is a VERY new investment town and there is a chance it could flop right off the bat. Only time will tell if this town is worthy for the 2006 investment real estate forecast. Best state for investing in real estate for 2006 Florida - My choice for the best state for real estate investing for 2006 is still Florida. There is just too much going on here for me to think differently. The state as a whole is still widely undeveloped and the whole state seems to be working together to bring in tourists with quality attractions for people of all ages. The senior citizens love the climate and relaxed way of living and kids love the amusement parks and the beautiful beaches. This is bring in a huge amount of people not only to vacation here but live here as well. Do you have a question or your own theory for real estate investing in 2006? Feel free to give me a call or shoot me an email. |
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