Megan Young’s Post

The Fargo-Moorhead region has added nearly 23,000 jobs, fueling a housing demand surge… 📊 Job Creation at Its Best Our market is on a job creation spree, adding nearly 23,000 new jobs over the past decade. It's an impressive feat that's outpacing unemployment rates, keeping them below the 3% mark. This isn't just growth; it's a surge that's energizing the city's economic veins. 🏠 Housing Market Response What happens when jobs surge? Housing booms! With more people earning better wages, there's an uptick in demand for homes. The challenge? Matching this demand with supply. This is where the city's potential shines, offering a landscape primed for development and investment. 💼 Industries Leading the Charge It's the high-growth industries, like healthcare and manufacturing, that are adding layers to our local economy. They're not just providing jobs but fueling a need for diverse housing options, from starter homes to family residences. 🔨 The Housing Gap As fast as Fargo is growing, housing development is playing catch up. The demand for affordable, entry-level homeownership calls for developers and city planners alike. It's a promising sign for investors and a golden opportunity for communities to thrive. 🌱 Economic Diversity = Stability Diverse job creation leads to a stable economy. It's not just about the numbers; it's about the variety of opportunities. With each industry's growth, Fargo's housing market responds, shaping a city that's as robust economically as it is vibrant in community spirit. #FargoGrowth #HousingMarket #EconomicDevelopment #JobSurge #InvestInFargo

Phoenix’s Housing Demand Surge: What Investors Should Know With nearly 40,000 new jobs anticipated in Phoenix over the next year—a growth rate of 1.6%—the city is emerging as a hotbed for multifamily demand. As the nation’s younger generations prioritize flexibility and career opportunities, they’re increasingly drawn to cities where job markets are thriving. Why Phoenix Stands Out: Phoenix is adding jobs at nearly double the national average. Strong employment growth attracts younger renters, a prime target for multifamily developments. As job growth fuels population growth, now is the time for multifamily investors to pay close attention to Phoenix. Rising employment opportunities, coupled with an influx of younger Americans seeking rental homes, makes this a critical market for long-term investment strategies. REintelligent.com

Austin is on the rise! Austin made it onto the rankings for the 'best places to live' per the Austin Business Journal. 🎉 Austin is back in the top 10 on the U.S. News & World Report's analysis of the 150 "best places to live." 📈 The leap to No. 9 this year from No. 40 in 2023 stems partly from new methodology in how the list is prepared. The ranking this year focused solely on cities, whereas entire metro areas were ranked in previous years. 📈 In addition, strength of local job markets weighed more heavily this year than last year. The ranking compares cities on a variety of factors — such as job market, quality of life and value, which includes housing affordability — but they're re-weighted annually based on public input. 📈 Both the city of Austin and the Austin metro have extremely low unemployment rates. The city's unemployment rate came in at 2.9% in April, unadjusted for seasonal factors, while the metro unemployment rate registered 3%. Thanks to Robert Arzola at JLL for sending over this update. #austin #rankings #markets

Georgia's housing market is booming, with prices soaring to unprecedented heights..... driven by high demand, limited supply, and rising prices. A recent study by Florida Atlantic University revealed that Atlanta's homes are selling for over 51% more than their actual value. The average listing price in Atlanta is $357,677, while the expected home value is only $236,627, a stark $100,000 difference. Several factors contribute to this trend: →Strong Job Market Atlanta's booming tech center, housing giants like Google and Microsoft, attracts a vast influx of workers, pushing demand and prices up. →Retiree Destination Atlanta’s mild climate and recreational opportunities make it a hotspot for retirees and second-home buyers. Georgia's housing market is set to continue its upward trajectory, reflecting broader national trends. With an average home value of $321,821 and properties going pending within 29 days, the market shows no signs of slowing down. Is Georga your next investment state? Reach out to discuss 📩 https://lnkd.in/gDseVaiX #georgiahousingmarket #realestatetrends #atlantarealestate

Fort Worth, TX, ranks second among large cities for economic growth, with a 7% population increase, reaching 957,000 in 2022, and the highest education attainment rate at 10%. The city has invested heavily in housing, growing by 11% since 2018, and has diversified its economy across technology, healthcare, and logistics sectors. This diversity has driven sustained employment and population growth, with housing development spurring further economic activity in construction and real estate. -- Read the full article here: https://bit.ly/3LZT2bT

As of my last update in January 2022, Raleigh, North Carolina, has been experiencing significant real estate growth compared to the national average. Raleigh is part of the Research Triangle area, known for its thriving tech industry, prestigious universities, and overall economic stability. These factors have contributed to a steady influx of residents and businesses to the region, driving up demand for real estate. Raleigh's real estate growth can be attributed to several factors: 1. Population Growth: Raleigh has consistently been one of the fastest-growing cities in the United States. The population growth has fueled demand for housing across all segments, from single-family homes to apartments and condominiums. 2. Job Opportunities: The Research Triangle Park, along with numerous tech companies, healthcare institutions, and universities, provides a robust job market in Raleigh. Job opportunities attract professionals from across the country, further driving demand for housing. 3. Quality of Life: Raleigh offers a high quality of life with a relatively low cost of living compared to other major metropolitan areas. The city boasts excellent schools, cultural amenities, recreational opportunities, and a favorable climate, making it an attractive destination for homebuyers. 4. Investment Potential: Real estate investors have been drawn to Raleigh due to its strong economic fundamentals and potential for appreciation. The city's growth trajectory suggests continued opportunities for investment in both residential and commercial properties. In comparison to national real estate growth, Raleigh has outpaced many other parts of the country, particularly in terms of home price appreciation and sales volume. However, it's essential to note that real estate markets can vary widely based on location, economic conditions, and other factors. While Raleigh has experienced robust growth, it's always essential for investors and homebuyers to conduct thorough research and seek professional advice before making any decisions. #realestate #trending #house #investments #realestateinvesting

𝗧𝗵𝗲 𝗛𝗼𝘁𝘁𝗲𝘀𝘁 𝗦𝘁𝗮𝘁𝗲𝘀 𝗼𝗳 𝗠𝘂𝗹𝘁𝗶𝗳𝗮𝗺𝗶𝗹𝘆 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗶𝗻 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 𝗥𝗶𝗴𝗵𝘁 𝗡𝗼𝘄 The multifamily real estate market is on fire! 🔥 Investors are shifting focus to cities with strong population growth, economic development, and favorable rental demand. But which markets are leading the charge in 2024? Let's take a look at some of the top-performing cities across the nation: 1️⃣ 𝗧𝗲𝘅𝗮𝘀 With cities like Austin, Dallas, and Houston thriving, Texas continues to dominate. Texas offers affordable housing, strong population growth, and a booming economy with no state income tax, making it a magnet for multifamily investors. 2️⃣ 𝗙𝗹𝗼𝗿𝗶𝗱𝗮 From Miami to Orlando to Tampa, Florida is seeing an influx of people and businesses alike. Whether it’s the desirable weather, growing tech scene, or tax advantages, Florida’s multifamily market is HOT, and the demand is showing no signs of slowing down. 3️⃣ 𝗡𝗼𝗿𝘁𝗵 𝗖𝗮𝗿𝗼𝗹𝗶𝗻𝗮 Charlotte and Raleigh are driving the multifamily market in North Carolina. With a low cost of living, top universities, and fast-growing tech and finance sectors, NC is attracting investors looking for high returns on residential properties. 4️⃣ 𝗔𝗿𝗶𝘇𝗼𝗻𝗮 Phoenix continues to grow rapidly, with Scottsdale and Tempe also seeing huge demand. Arizona offers a combination of affordable housing and strong job growth, making it a highly sought-after market for multifamily investors. 5️⃣ 𝗧𝗲𝗻𝗻𝗲𝘀𝘀𝗲𝗲 Nashville is the star of Tennessee, but other cities like Knoxville and Memphis are catching up. The state’s low taxes and strong job market are propelling it into the top ranks for multifamily investment opportunities. 🔑 𝙒𝙝𝙖𝙩 𝙢𝙖𝙠𝙚𝙨 𝙩𝙝𝙚𝙨𝙚 𝙢𝙖𝙧𝙠𝙚𝙩𝙨 𝙨𝙤 𝙖𝙥𝙥𝙚𝙖𝙡𝙞𝙣𝙜? ✅ Population growth ✅ Job opportunities ✅ Business migration ✅ Demand for quality rental properties As an investor, it's all about identifying the next "hot" market before the rest of the crowd catches on. These cities are leading the way in 2024, but there are always emerging markets that can surprise us! 𝘈𝘳𝘦 𝘺𝘰𝘶 𝘪𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘢𝘯𝘺 𝘰𝘧 𝘵𝘩𝘦𝘴𝘦 𝘤𝘪𝘵𝘪𝘦𝘴? 𝘖𝘳 𝘢𝘳𝘦 𝘵𝘩𝘦𝘳𝘦 𝘰𝘵𝘩𝘦𝘳 𝘮𝘢𝘳𝘬𝘦𝘵𝘴 𝘺𝘰𝘶'𝘳𝘦 𝘬𝘦𝘦𝘱𝘪𝘯𝘨 𝘺𝘰𝘶𝘳 𝘦𝘺𝘦 𝘰𝘯? 𝘋𝘳𝘰𝘱 𝘺𝘰𝘶𝘳 𝘵𝘩𝘰𝘶𝘨𝘩𝘵𝘴 𝘣𝘦𝘭𝘰𝘸! 👇 #RealEstate #Multifamily #Investment #MarketTrends #RealEstateInvesting #GrowthMarkets #PropertyInvestment

Seeking Off Market Multifamily Assets for Sale: 1. Atlanta, GA 2. Huntsville, AL 3. Decatur, AL Seeking 6+ in place cap on existing NOI Class C, B properties Sub-200 units Sub-$12MM Sweet Spot - $3-7MM, 70+ units Median household income of neighborhood - $40K+ Market Rents - $700+ Must have scope for value-add / rehab 85%+ Occupancy Poverty & Unemployment of the neighborhood should be equal to or max +2% that of the city Close proximity to transportation hubs like train station, bus stop is a plus Within 30-45 min drive from major employment...closer the better Must be a growing neighborhood, city where population and industries are moving in Cities which are or growing into Tech-Hubs, increase in number of STEM jobs, presence of large universities, are all a Big PLUS Landlord friendly state In Place Cap: 6%+ [email protected]

Seeking Off Market Multifamily Assets for Sale: 1. Atlanta, GA 2. Huntsville, AL 3. Decatur, AL Seeking 6+ in place cap on existing NOI Class C, B properties Sub-200 units Sub-$12MM Sweet Spot - $3-7MM, 70+ units Median household income of neighborhood - $40K+ Market Rents - $700+ Must have scope for value-add / rehab 85%+ Occupancy Poverty & Unemployment of the neighborhood should be equal to or max +2% that of the city Close proximity to transportation hubs like train station, bus stop is a plus Within 30-45 min drive from major employment...closer the better Must be a growing neighborhood, city where population and industries are moving in Cities which are or growing into Tech-Hubs, increase in number of STEM jobs, presence of large universities, are all a Big PLUS Landlord friendly state In Place Cap: 6%+ [email protected]

Seeking Off Market Multifamily Assets for Sale: 1. Atlanta, GA 2. Huntsville, AL 3. Decatur, AL Seeking 6+ in place cap on existing NOI Class C, B properties Sub-200 units Sub-$12MM Sweet Spot - $3-7MM, 70+ units Median household income of neighborhood - $40K+ Market Rents - $700+ Must have scope for value-add / rehab 85%+ Occupancy Poverty & Unemployment of the neighborhood should be equal to or max +2% that of the city Close proximity to transportation hubs like train station, bus stop is a plus Within 30-45 min drive from major employment...closer the better Must be a growing neighborhood, city where population and industries are moving in Cities which are or growing into Tech-Hubs, increase in number of STEM jobs, presence of large universities, are all a Big PLUS Landlord friendly state In Place Cap: 6%+ [email protected]