Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
Overclockers UK Custom Built PC 1 YEAR Use Review Verdict - Does it Still Work? - 16th Oct 21
Altonville Mine Tours Maze at Alton Towers Scarefest 2021 - 16th Oct 21
How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
The Only way to Crush Inflation (not stocks) - 14th Oct 21
Why "Losses Are the Norm" in the Stock Market - 14th Oct 21
Sub Species Castle Maze at Alton Towers Scarefest 2021 - 14th Oct 21
Which Wallet is Best for Storing NFTs? - 14th Oct 21
Ailing UK Pound Has Global Effects - 14th Oct 21
How to Get 6 Years Life Out of Your Overclocked PC System, Optimum GPU, CPU and MB Performance - 13th Oct 21
The Demand Shock of 2022 - 12th Oct 21
4 Reasons Why NFTs Could Be The Future - 12th Oct 21
Crimex Silver: Murder Most Foul - 12th Oct 21
Bitcoin Rockets In Preparation For Liftoff To $100,000 - 12th Oct 21
INTEL Tech Stock to the MOON! INTC 2000 vs 2021 Market Bubble WARNING - 11th Oct 21
AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
Stock Market Wall of Worry Meets NFPs - 11th Oct 21
Stock Market Intermediate Correction Continues - 11th Oct 21
China / US Stock Markets Divergence - 10th Oct 21
Can US Save Taiwan From China? Taiwan Strait Naval Battle - PLA vs 7th Fleet War Game Simulation - 10th Oct 21
Gold Price Outlook: The Inflation Chasm Between Europe and the US - 10th Oct 21
US Real Estate ETFs React To Rising Housing Market Mortgage Interest Rates - 10th Oct 21
US China War over Taiwan Simulation 2021, Invasion Forecast - Who Will Win? - 9th Oct 21
When Will the Fed Taper? - 9th Oct 21
Dancing with Ghouls and Ghosts at Alton Towers Scarefest 2021 - 9th Oct 21
Stock Market FOMO Going into Crash Season - 8th Oct 21
Scan Computers - Custom Build PC 6 Months Later, Reliability, Issues, Quality of Tech Support Review - 8th Oct 21
Gold and Silver: Your Financial Main Battle Tanks - 8th Oct 21
How to handle the “Twin Crises” Evergrande and Debt Ceiling Threatening Stocks - 8th Oct 21
Why a Peak in US Home Prices May Be Approaching - 8th Oct 21
Alton Towers Scarefest is BACK! Post Pandemic Frights Begin, What it's Like to Enter Scarefest 2021 - 8th Oct 21
AJ Bell vs II Interactive Investor - Which Platform is Best for Buying US FAANG Stocks UK Investing - 7th Oct 21
Gold: Evergrande Investors' Savior - 7th Oct 21
Here's What Really Sets Interest Rates (Not Central Banks) - 7th Oct 21
CISCO 2020 Dot com Bubble Stock vs 2021 Bubble Tech Stocks Warning Analysis - 6th Oct 21
Precious Metals Complex Searching for a Bottom - 6th Oct 21
FB, AMZN, NFLX, GOOG, AAPL and FANG+ '5 Waves' Speaks Volumes - 6th Oct 21
Budgies Flying Ability 10 Weeks After wings Clipped, Flight Feathers Cut Grow Back - 6th Oct 21
Why Silver Price Could Crash by 20%! - 5th Oct 21
Will China's Crackdown Send Bitcoin's Price Tumbling? - 5th Oct 21
Natural Gas News: Europe Lacks Supply, So It Turns to Asia - 5th Oct 21
Stock Market Correction: One More Spark to Light the Fire? - 5th Oct 21
Fractal Design Meshify S2, Best PC Case Review, Build Quality, Airflow etc. - 5th Oct 21
Chasing Value with Five More Biotech Stocks for the Long-run - 4th Oct 21
Gold’s Century - While stocks dominated headlines, gold quietly performed - 4th Oct 21
NASDAQ Stock Market Head-n-Shoulders Warns Of Market Weakness – Critical Topping Pattern - 4th Oct 21
US Dollar on plan, attended by the Gold/Silver ratio - 4th Oct 21
Aptorum Group - APM - High RIsk Biotech Stocks Buy, Sell, Hold Investing Analysis for the Long-run - 3rd Oct 21
US Close to Hitting the Debt Ceiling: Gold Doesn’t Care - 3rd Oct 21
Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
Original Oculus VR HeadSet Rift Dev Kit v1 Before Facebook Bought Oculus - 3rd Oct 21
Microsoft Stock Valuation 2021 vs 2000 Bubble - Buy Sell or Hold Invest Analysis - 1st Oct 21
How to profit off the Acquisition spree in Fintech Stocks - 1st Oct 21
�� Halloween 2021 TESCO Shopping Before the Next Big Panic Buying! �� - 1st Oct 2
The Guide to Building a Design Portfolio Online - 1st Oct 21
BioDelivery Sciences International - BDSI - High RIsk Biotech Stocks Buy, Sell, Hold Investing Analysis for the Long-run - 30th Sep 21
America’s Revolving-Door Politics Behind the Fall of US-Sino Ties - 30th Sep 21
Dovish to Hawkish Fed: Sounds Bearish for Gold - 30th Sep 21
Stock Market Gauntlet to the Fed - 30th Sep 21
Should you include ESG investments in your portfolio? - 30th Sep 21
Takeda - TAK - High RIsk Biotech Stocks Buy, Sell, Hold Investing Analysis for the Long-run - 29th Sep 21
Stock Market Wishing Away Inflation - 29th Sep 21
Why Workers Are NOT Returning to Work as Lockdown's End - Wage Slaves Rebellion - 29th Sep 21
UK Fuel PANIC! Fighting at the Petrol Pumps! As Lemmings Create a New Crisis - 29th Sep 21
Gold Could See Tapering as Soon as November! - 29th Sep 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

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

© 2005-2019 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