5 Surprising Cities You Might Want to Consider Moving to This Summer
Some real estate experts predict a housing crisis coming, while others suggest that everything will be just fine. With the future of the country’s housing market somewhat uncertain, many buyers are looking to take the leap this summer before interest rates and home prices have a chance to climb any higher.
But not all cities are the same, nor are their housing markets or economies. So with all that in mind, here are the top five places around the country to buy a home this summer.
Overland Park, Kansas
Overland Park is located just to the southeast of Kansas City and it has the perfect combination of desirable elements for those looking to buy a home in summer 2019. It’s home to some of the best schools in the country, it’s a great place to raise a family, it features a diverse community of homeowners, and it even has a vibrant nightlife. Perhaps most importantly, it also has a robust housing market with plenty of available homes.
Employment in the Overland Park area is predicted to rise by 1.4% this year, while unemployment continues to fall. According to the Center for Real Estate, home sales in the area are outpacing the national averages, and home appreciation is expected to rise by another 8% over the course of 2019.
Rochester is fast becoming one of the hottest cities in Minnesota, and it is largely due to the construction of the Destination Medical Center (DMC). The DMC is a 20-year $5.6 billion economic development initiative that is designed to position Minnesota as “a global center for the highest quality medical care and to generate high-value jobs, new tax revenue, and businesses.” It is the largest development of its kind in the history of the state.
“Most people still want to be in Rochester,” SEMAR President-Elect Carrie Klassen said. “With DMC, they buy a house with the expectation that it will be a gold mine.” Also helping Rochester’s status are the city’s excellent public school system, family-friendly environment, beautiful parks, and other beneficial attributes. As a result, the city has become highly attractive to families and young professionals alike.
The Woodlands, Texas
Located to the north of Houston, The Woodlands is considered by many to be one of the best places to move to in the summer of 2019. It has great public schools, a strong housing market, and it’s an excellent place to raise a family. Active inventory in the city has climbed by 17% while the median list price has fallen by 5% since a year ago.
The real estate market in The Woodlands is being fueled by a surging economy with job growth and low unemployment. According to the Home Sales Market Report at Brand Candid, consumer confidence is high and mortgage rates are currently at their lowest since February 2018.
For the last few years, the real estate market in Dallas has been one of the most active in the country. But, 2019 sees Dallas’s market returning to a more normal state. Instead, buyer concentration is expected to flow to cities just outside its borders – and this includes cities like Plano, Texas. Plano is home to a good housing market, excellent schools, a diverse population, as well as a family-friendly environment.
“Plano has great neighborhoods throughout our city, and our residents have a plethora of living options to suit their individual lifestyle needs,” says Mayor Harry LaRosiliere. “Our residents can be proud that they live in a city that has a community where they enjoy a fantastic quality of life, excellent schools and an abundance of educational, recreational and cultural amenities,” LaRosiliere noted at Livability.com.
Round Rock, Texas
The third city in the top 5 from Texas, Round Rock is considered one of the best cities to buy a home in America because of its family-friendly communities, highly rated public schools, diverse population, and healthy housing market. Since Round Rock is often tied into Austin’s housing market, the city’s trends tend to follow suit. In September 2018, the federal Bureau of Economic Analysis named the Austin-Round Rock region “the fast-growing large metro area in the country.”
Comments made by the Greater Austin Chamber of Commerce to Sarah House, senior economist for Wells Fargo Securities, following an economic forecasting event sponsored by the Greater Austin Chamber of Commerce indicate that the Austin-area’s economy will continue to fuel the region’s real estate prominence. Austin’s economic activity “will still be very strong – really a breakneck pace” of growth, she said.
Search for Homes in These Cities or Elsewhere at Homes.com
This summer will most likely see a lot of buyer competition, so it may be wise to start looking for your new home now before things really heat up. At Homes.com, you can quickly and easily search for homes in the above cities, or anywhere else you are considering moving to. We’re your one-stop housing solution, so give us a try today to see how easy it is to find your ideal home.