The Top 10 Housing Markets Seeing the Most Growth

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This is the no Closer show where you get the latest developments in distressed note investing and learn the secrets of how you can control millions of dollars worth of property. For panties on the dollar. Get educated and entertained by someone who has closed thousands of deals and lives to support you in achieving the same. Now here's your host CEO of We Close Nodes, Scott Carson.

Hey real estate investors. If you have ever wanted to dive into the sexy side of real estate and become a note investor and not just somebody that owner finances properties or buys and sells on terms, but somebody who's actually buying debt from lenders, mortgage bankers, hedge funds on distressed real estate on both residential and commercial properties. Now is the perfect time. And guess what? We have our upcoming three day workshop here in just a few days on July 25th, 26th and 27th. That's right, that's a Friday. Saturday, Sunday. You can join me live on Zoom and our Note Buying for Dummies workshop. We'll go through the Fs of how to find fund and flip non performing notes at huge discounts without having to use your own money. And we'll show you all the different ways you can make money being a note investor. Day one's all about how we find these deals from banks, hedge funds and how you can automate the process of connecting with these people and get tapes and listen to you over and over again. Day two is all about raising capital and marketing. We'll show you how to tap into thousands of IRA investors who are looking for deals to fund and how to communicate and how to contact them and get them to fund your deals. And day three is all about the flip the exit strategies putting deals together. We'll mix in due diligence. We'll mix in the marketing side along with the structure side. So much stuff in three days live on Zoom with yours truly, the note guy, Scott Carson. Make sure you get signed up by going to Note buying for dummies.com or click on the three day workshop tab on our workshop. Get signed up today as we're still running discounts and you too can soon become a no buyer. Foreign Good afternoon and good evening everybody. Hey, welcome to this episode of the Nut Closure Show. As always, Scott Carson jacked up to be with you today. Today's episode I want to talk about a special report that Point to Home just came out with about a week ago where they shared the cities that had the most amount of growth year over year. So we titled this the episode the top 10 cities the most growth in 2024. Give them the last 12 months, kind of. Okay. I think you're gonna be surprised by some of these cities. I know I definitely was. But these are cities that if it's had good growth year over year, these are in the. The increase in the percentage of homes. What, you know, like the price for a home going up. If you're selling in these areas, this might be something to think about if you're buying. It's gonna get a little costly, too. So also, as a note investor, I look at this information as possibilities where I. If I can buy it at a great price and a discount because I'm buying the debt, I've got a nice upside if I have to sell it to foreclosure auction, get paid full. So something to keep in mind as we go through this. So number. Number. Split this with a couple things. Number 10, actually, let's. Before I do that, if you look at what came out By Redfin In February 2024, home prices increased by 6.4% year over year. So on average across the country, we saw a 6.4% appreciation. Sometimes that's higher in some places and less than others. Okay. The national average for a house right now is $411,887. Just so just under 412 grand. That's the national average. Obviously it's higher in some lesson lows. You know, for some, that's a dog house in L. A. Others that's a nice, really nice house in parts of Louisiana too. So just comparative on what your market take with a grain of salt. Don't get all pissy at me. But yes, it's expensive, but guess what? Real estate is only getting more expensive. You can afford to buy a house, even the rates being at 7.3, 7.5. Get in, because it's going to appreciate over time. I encourage you to go back and watch the full episode that we did on the top 20 cities on note night in America about the fastest growing cities in the country. Sorry, the. The cities that had the biggest appreciation where property doubled the fastest anywhere from like seven years all the way up to like 4.9, which was a surprise for number one. So check it out. But anyway, these are the 10 cities that had the biggest growth as far as pricing in their housing markets. Number 10, Lexington, Kentucky. The bluegrass nation came in at 15.5%. That was kind of surprised because Kentucky has been a little bit slower. I'm. I don't buy a lot in Lexington. I mean, it's not saying that you can't Find deals there. It's better to actually own the real estate there and it is to own the notes. They've got some difficult issues when it comes to buying distressed debt. In Kentucky, we do see some stuff, but it's as we grow. 15.5%. Number nine, Meridian, Idaho came in at 15.6% growth in the last year. Number eight, not a big surprise there because we've seen the city do a lot of good growth over the last couple years. It also ranked high in the top 20 for doubling, but it's grown at 15.9% in the last year. Number seven, Miami Beach, Florida. Not Miami, but Miami Beach, Florida saw an increase by 16.7%. Number six, our big neighbor to the north of yours, Dallas, Texas Gold or the Big D. And don't mean Dallas. No, you mean debt because it's gotten more expensive by 16.9% more to buy a house in Dallas, Texas. Number five was very surprising. Fort Wayne, Indiana. I didn't even think about that. 18.6% growth. Number four is Richmond, Virginia. 19 growth. It's kind of surprising because some of the other cities in Virginia have very slow appreciation. D.C. is one of the slower ones. There's a few others there that's low. It's neighbor to the south, was it north? Virginia is. Virginia is to the north of Maryland, Maryland, Baltimore land actually was in the top three. It's one of the three fastest appreciating cities going out there. Number three, President Trump's home of Boca Raton, Florida saw a 22.5% increase in price. Number two, Birmingham, Alabama, 24.4%. That's crazy. I like Alabama. I do not like the one year redemption period for notes. But if you see contract for deeds, that's a eviction process versus a foreclosure. So something to keep them out there with values going up in Birmingham, it's a pretty good market. Number one, Cleveland, Ohio, surprised me, 25.5 growth. It actually also ranked in the top 20 for fastest, you know, doubling in values out of the top 100 that they, they ranked. But Cleveland, Ohio, number one at 25.5% growth. More expensive on a house there for you. So that's something to keep in mind. Lots of great stuff there. Let me, I want to go through, let me go through here. These are the cities that had the slowest on average. Anchorage, Alaska, it didn't double in 24 years. Okay. I say it took, it did 21.1 years for it to double. Arlington, Virginia, surprised me. Slow, slow. Almost 20 years Chesapeake, Virginia slow to double. Urban Honolulu, Hawaii, almost 20 years for it to double. Virginia Beach, Va. Washington, D.C. very slow. Almost 20 years. This this surprise. Corpus Christi, Texas where I grew up, very slow to double. This is a big US markets where median home prices doubled the slowest 19.1 years in Corpus Christi, next on list, Brooklyn, New York that didn't surprise me. El Paso, Texas slow as well. Philadelphia, Pa. Slow for it to double. Manhattan, New York slow. That doesn't surprise me. But then Lubbock, Texas also surprised me. Nothing out there but cow patties. No, but you got Texas Tech University in Lubbock, which has done a lot of growth as well. So that surprised me. Seeing Corpus Christi in Texas on that list. But you know, anchors, Alaska, that doesn't surprise me. And this is looking at where they basically looked at the from January 2000 to February 2024 when they pulled their numbers. So something to keep in mind there. We all know home prices can increase but also single family home prices did double faster in some cities then the media home price. Philadelphia 7.8. Brooklyn 7.7. Houston, there we go. Just under five years at 4.7 years. Pittsburgh, Pennsylvania came in at 3.3. San Antonio, Texas at a hotter market for single family homes then the medium home price 2.1 years. Newark, New Jersey 1.9. Boston 1.3. Your cousin from Boston, Winsome sale in North Carolina at 1.2 years. LA, 1.1. It kind of surprised me. Then New Orleans, Louisiana at one point. That didn't surprise me so much when you think about all the damage that New Orleans has been through. So there's high demand, low inventory in a lot of cases. So that number holds holds water. If you'd like to check out the full article, you can go to Snip ly Dash or Backslash Hot Housing. I'll put the link in the description for you guys to take a look at it. But I'd also check out the longer episode where we broke down the top 20 cities that have doubled the fastest in value in the last 7.1 years. So go out, take some action everybody, and we'll see at the top. Bye Sam.