Richard Josephberg: How to Identify a Strong Real Estate Market

By
Home Builder with Almorli Advisors

If you’re thinking about investing in real estate, it’s probably the biggest financial move you’ll ever have to make. Before rushing out to buy real estate, you need to stop and consider what makes a real estate market strong. Here, Richard Josephberg, Almorli Advisors founder, lists some of the primary factors that can affect a strong real estate market.

Some of you may not know this, but the strongest real estate markets aren’t always in the most popular cities. In fact, when it comes to real estate investing, a strong real estate market can be defined by the following factors:

  •          Job Growth
  •          Population Growth
  •          Rental Demand
  •          City Revitalization

These factors should add up to an ideal real estate market in which the demand for homes is strong.

With so many great markets out there to choose from, it’s critical to know which one best meets your financial goals, which market will turn a solid profit in today’s market, and which ones look promising for the future. So, before you can identify a great real estate market, you have to recognize its features. As the CEO of Almorli Advisors, Joesphberg stresses out that understanding the key factors that drive the real estate market is essential to performing a comprehensive evaluation of a potential investment.

A little bit of knowledge on the current state of the real estate market is a must, says, the real estate expert, Josephberg. Understanding the real estate market makes you a more empowered buyer or seller. That means you need to keep up to date with hot trends. Knowing the key trends and issues shaping the real estate markets will give you the leverage you need to make a confident, smart decision, when investing in real estate.

For example, Richard adds, as more and more baby boomers retire and move to warmer year-round climate, the Florida rental market looks quit promising. In fact, most of Florida’s major real estate markets are performing remarkably well. Lured by the warm weather, the city's new housing developments, and reasonable prices, a lot of students are also moving here to attend area schools. This makes Florida a great real estate location.

Comments (10)

Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Good morning, Richard - there are definitely "opportunities"  outside those that are traditionally recognized. Understanding trends and knowing market stats can provide greater insight often leading to better results.

Mar 14, 2019 06:19 AM
Tonya R. Taylor
SavvyBizBuilder.com - Columbia, MD
Tell me 1 thing you want to learn about marketing?

Its always good to keep these things in mind when making the biggest investment of your life.

Mar 14, 2019 06:54 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Welcome to the ActiveRain community. Congratulations on your first post.

Mar 14, 2019 07:46 PM
Kate Steven
5homestyle - Adak, AK
Best Real Estate agent

Welcome to active rain. Good luck in achieving your goals on active rain

 

Mar 14, 2019 08:49 PM
Kate Steven
5homestyle - Adak, AK
Best Real Estate agent

Welcome to active rain. Good luck in achieving your goals on active rain

Mar 16, 2019 02:29 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Richard Josephberg welcome to ActiveRain and congratulations on posting your first blog successfully on this site.

Mar 17, 2019 04:30 PM
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Welcome to ActiveRain! This is a great place to learn about real estate and get support for you as an agent or broker. 

 

Make sure to become a Rainmaker if you are not one yet because that is how you will get a strong link back to your website. 

 

The public, consumers consisting of buyers and sellers of real estate will only see your posts if you have a Rainmaker account. 

 

I wish you luck on your online journey of marketing!

 

Mar 18, 2019 07:16 PM
The Woodland Team of Texas
The Woodland Companies - Austin, TX
Land Specialists

Nice job on your first post!
Welcome to ActiveRain, I hope that your participation here helps your business to grow.
Btw, I followed your blog, and would be honored if you followed mine.
Thank You!

Mar 20, 2019 06:32 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Richard, I love to listen to local economists and how they identify a strong market, and what their predictions are.  Great post.

Mar 21, 2019 01:09 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Welcome to Active Rain, looking forward to reading many more of your posts, let me know if there is anything that I can do to help as you get started here.
All the best of success to you.
Bob

Apr 20, 2019 10:40 PM