Best of the Week
Most Popular
1. Next Financial Crisis Is Already Here! John Lewis 99% Profits CRASH - Retail Sector Collapse - Nadeem_Walayat
2.Why Is Apple Giving This Tiny Stock A $900 Million Opportunity? - James Burgess
3.Gold Price Trend Analysis - - Nadeem_Walayatt
4.The Beginning of the End of the Dollar - Richard_Mills
5.Stock Market Trend Forecast Update - - Nadeem_Walayat
6.Hindenburg Omen & Consumer Confidence: More Signs of Stock Market Trouble in 2019 - Troy_Bombardia
7.Precious Metals Sector: It’s 2013 All Over Again - P_Radomski_CFA
8.Central Banks Have Gone Rogue, Putting Us All at Risk - Ellen_Brown
9.Gold Stocks Forced Capitulation - Zeal_LLC
10.The Post Bubble Market Contraction Thesis Receives Validation - Plunger
Last 7 days
Technical Analysis Points to DOW 30k Next Target - 19th Nov 18
Stock Market Consolidating in a Downtrend  - 19th Nov 18
Next Tory Leader, Prime Minister Forecast and Betting Market Odds - 18th Nov 18
The Fed's Misleading Money Supply Measures - 17th Nov 18
Stock Market Outlook: Why the Economy is Bullish for Stocks Going into 2019 - 17th Nov 18
NO DEAL HARD BrExit Tory Chaos, Theresa May Leadership Challenge - 17th Nov 18
Gold vs Several Key Investments - 17th Nov 18
GDX Gold Mining Stocks Q3 18 Fundamentals - 17th Nov 18
Is Gold Under or Overpriced? - 17th Nov 18
Active Managers are Bearish on Stocks. A Bullish Contrarian Sign - 16th Nov 18
Will The Fed Sacrifice Retirement Portfolio Values For The "Common Good"? - 16th Nov 18
BrExit War - Tory Party About to Replace Theresa May for NO DEAL BrExit - 16th Nov 18
Aspire Global Makes Significant Financial Strides - 16th Nov 18
Gold Oil and Commodities …Back to the Future ? - 16th Nov 18
Will Oil Price Crash Lead to “Contagion” for the U.S. Stock Market? - 15th Nov 18
How NOT to Be Among the MANY Stock Investors Fooled by This Market Myth - 15th Nov 18
Tory BrExit Chaos Cripples UK Economy, Wrecks Housing Market Confidence - 15th Nov 18
Stocks Could End 2018 With A Dramatic Rally - 15th Nov 18
What Could Be the Last Nail in This Stock Bull Markets Coffin - 15th Nov 18
Defensive Stock Sectors Outperforming, Just Like During the Dot-com Bubble - 15th Nov 18
Buying Your First Home? Here’s How to Save Money - 15th Nov 18
US Economy Ten Points or Ten Miles to ‘Bridge Out’? - 14th Nov 18
US Stocks: Whither from Here? - 14th Nov 18
Know exactly when to Enter&Exit trades using this... - 14th Nov 18
Understanding the Benefits of Keeping a Trading Journal - 14th Nov 18
S&P 500 Below 2,800 Again, New Downtrend or Just Correction? - 13th Nov 18
Warning: Precious Metals’ Gold and Silver Prices are about to Collapse! - 13th Nov 18
Why the End of the Longest Crude Oil Bull Market Since 2008? - 13th Nov 18
Stock Market Counter-trend Rally Reaches .618 Retracement - 13th Nov 18
How to Create the Best Website Content and Generate Organic Traffic - 13th Nov 18
Why the Stock Market Will Pullback, Rally, and Roll Into a Bear Market - 13th Nov 18
Stock Markets Around the World are Crashing. What Not to Worry About? - 12th Nov 18
Cyclical Commodities Continue to Weaken, Gold Moves in Relation - 12th Nov 18
Olympus Tough TG-5 Camera Stuck or Dead Pixels, Rubbish Video Auto Focus - 12th Nov 18
5 Things That Precede Gold Price Major Bottoms - 12th Nov 18
Big US Stocks Q3 Fundamentals - 12th Nov 18
How "Free Money" Helped Create Sizzling Housing Market & REIT Gains - 12th Nov 18
One Direction More Likely for Bitcoin Price - 12th Nov 18
The Place of HSE Software in Today's Business - 12th Nov 18

Market Oracle FREE Newsletter

Free Online Trading Session

America’s Suburbs Are Making a Comeback

Housing-Market / US Housing Aug 12, 2018 - 12:53 PM GMT

By: Harry_Dent

Housing-Market Lately, I’ve been focusing a lot on real estate.

There are starting to be clear signs of extremes in pricing, and high rent burdens.

Cities are starting to crack on the high end.

It’s what I’ve forecasting – that this second bubble burst would start on the high end and work down. Unlike the last bubble, which started on the low end with the subprime defaults.


Millennials are increasingly becoming the buyers. They’ve been a bit reluctant to do so due to tighter lending and the lingering pains of the last crash… yet they are finally buying in, as they can’t wait forever.

But prices are so high in most cities that buyers are turning back towards the suburbs.

So, what do the new Millennial’s want?

Good school systems.

Quick and easy commutes.

Low crime rates – like always.

But now, more than ever, charming and walkable town/central areas.

I was at a wedding north of San Francisco, and was hanging out in Sebastopol and Petaluma. Talk about perfect little suburbs… And both within a reasonable commute of San Francisco.

Here are the top 10 up-and-coming suburban areas – most you’ve likely never heard of – ranked by Realtor.com.

This list is based off a number of factors ranging from growth to affordability to ease of commute.

The point is, these represent the type of suburban areas that are doing the best in this market.

Keep in mind – as I continue to remind you we’re in the late-stage of this second bubble – that this is not the time to be rushing out and buying.



But if you do have to buy, buy in areas that aren’t as overvalued. Or in areas where you can get a great deal on the purchase.

Most importantly, these are the types of places you or your kids want to buy in the next crash and downturn. They’ll have most appeal to Millennial buyers down the road.

Number six on this list, Frisco, Texas, is just outside of Dallas.

An associate in our company wanted to buy there during the first bubble.

She had a great deal on a foreclosure, but knew I was cautious on real estate.

When she asked me about it, I told her to go ahead, as Texas was the least overvalued major city in that bubble. And Frisco was an up-and-coming suburb with a 30-minute – give or take – commute to downtown Dallas.

Frisco is now one of the hottest suburbs, with median prices at $474,200.

That investment clearly paid off despite riding out the previous crash, which was more minor there.

It’s now typical of such hot suburbs with median home prices in the $400,000 to $500,000 range. Roughly twice the median in the U.S.

Now, I’d like to draw your attention to the two most affordable of these “hot burbs” as examples of the type of places to look for.

The first, at number five, is Manor, Texas.

It’s just 12 miles outside of Austin with a 10- to 15-minute commute to downtown Austin in light traffic, all on freeways. And Austin is one of the hottest and most desirable cities, as I covered in Thursday’s  .

It’s also right off of the new I-45 with a 75-mph speed limit (which means most are cruising at 85). There’s little traffic, and it’s just a two-and-a-half-hour trip into Dallas.

The median home price there is a very average $237,800.

Then there’s Arabi, Louisiana, at number two.

Just seven miles outside of downtown New Orleans, right off Highway 39, which connects into I-10. It’s probably about a 10-minute commute in light traffic… Not too shabby.

Median prices there are a mere $249,700.

At number eight is Ponte Vedra, Florida.

It’s like the Hamptons of northern Florida. And is just outside of Jacksonville.

I spoke there twice and loved the area.

If you’re wondering where number 10 on the list, Lakewood Ranch, is… it’s just 20 minutes outside of Sarasota, which I consider the most attractive, affluent retirement area in Florida. With a 50-minute commute to Tampa, and 45 minutes to the nearest major airport, I’d say it’s an easy spot to be.

This is clearly the time to have restraint in buying, as I’ve been saying.

But it’s a great time to scope out the areas to pounce on when the crash sets in and bargains start to appear.

Especially when it comes to foreclosures.

These suburbs are hot, and may be the best potential investment for you, and more so for your kids.

Harry

http://economyandmarkets.com

Follow me on Twitter @HarryDentjr

Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.

Copyright © 2018 Harry Dent- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Harry Dent Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules