A recent report into the US property market faces 3 Florida metro areas in the top five hottest spots for property investment. Orlando, Fort Lauderdale and Palm Beach County dominate the listings compiled for this autumn. Other Florida metros such as Miami, Tampa and Jacksonville also rank in the top 20.
The online property portal Auction.com releases quarterly reports for the top markets for housing in the US ranking the 50 largest metro areas based on their economic performance and property market trends. The report for autumn this year places Seattle in first place with Central New Jersey at the bottom.
Based on economic metrics looking at job creation, unemployment levels and population growth in tandem with latest statistics from the US property market, the Top Housing Markets Fall 2015 report claims that market conditions generally are improvingd. It finds that continued job creation, wage growth and low oil prices have “helped spur the US housing market recovery, which is showing encouraging signs of life”.
The top five hottest markets at the moment are Seattle, Fort Lauderdale, Orlando, Palm Beach County and Portland (Oregon). Auction.com reports that the best markets for US property are predominantly the southeast and northeast of the country – not for nothing are the top five markets all in Florida or the Pacific Northwest.
This can be clearly seen in the ‘heat’ graph below where dark green shows the strongest markets and red the weakest. The southeast has the highest concentration of dark green and by extension, best markets.