Although the United States housing market has been steadily on the downfall, there are still some cities that persist in maintaining a healthy real estate market. These cities are primarily those that went unnoticed during the real estate boom a few years ago; rather than the flashy properties and sky-high prices that other areas featured, these cities possessed a modest yet comfortable living style, which helped them to maintain their stable economies even after all the high-profile cities had taken a hit. Real estate in the following areas continues to improve in today’s market.
1. Lincoln, California
While big cities like Los Angeles and San Francisco suffered dearly at the hands of the housing crisis, the Sacramento suburb of Lincoln, California was able to hold on to its strong economy. In fact, Lincoln is estimated to have one of the greatest growth rates of any major city in the United States. The city’s friendly environment, ample supply of jobs, and many amenities are continually attracting more and more residents who wish to live around the Sacramento area. This has bolstered both Lincoln’s real estate market and its economy in general.
2. Des Moines, Iowa
Des Moines is one of the few major US cities that has managed to uphold a strong property market. The city features a remarkably low unemployment rate (about 6 percent), and more people are attracted to the city’s comfortable vibe every year. There are few residential property vacancies in Des Moines, leading to large competition for homes and a healthy boost to the real estate market.
3. Omaha, Nebraska
The real estate market in Omaha, Nebraska is one of the most vibrant markets in the entire country. During the real estate boom of a few years ago, most people tended to shy away from the Great Plains area in favor of a more lively and temperate climate. This means that the real estate market in areas such as Omaha has remained virtually unchanged for the past several years. Omaha has also been named as the city that has been the least affected by the recent recession.
4. Albany, New York
Where jobs go, people are sure to follow. A recent surge in government jobs in the Albany, New York area has led to an enormously healthy real estate market in this region of the state. This increase in jobs has attracted people from all across the country, leading to a substantial increase in real estate competition. Property values in the Albany area have consequently risen immensely in the past few years.
Steven Farrell is the administrator of ReversePhoneLookup.org.