As 2018 was coming to an end, everyone had a different opinion about what the real estate field would be like in the following year. Some said that the market is going down.

Others cited the pricing spikes that usually hit the market, while some said that there were too many properties coming to the market. Some also indicate that the low number of buyers is worrying.

Thankfully, these people were wrong. Or rather, they weren’t totally right to be exact. The truth is that coming into 2019, there are a great number of markets that are heating up this year.

Let’s take a look at several markets that you should keep an eye on in2019.

Viva Las Vegas

Village 1024x576 - 2 Real Estate Markets to Keep an Eye on in 2019

First and probably most surprising is the market of Las Vegas, Nevada. Several years ago, Vegas was the definition for having too much real estate to do anything with. It was the picture-perfect spot for what a housing crash looked like.

Thus, in the previous years, people could drive around Vegas and see the many foreclosed houses littering the area.

This year though, Vegas is rebounding at an unprecedented rate. This primarily has to do with the low mortgage rates that the past has bestowed on to Vegas. At the same time, the cost of living is much lower than other states.

There are other factors in play here as well that should be taken into consideration. For one, there is no income tax in Nevada. Tech companies are also helping to bring people to Nevada as younger professionals are seeking affordable places to live in.

One source says that houses that cost more than $300,000 are being bought up like they were on a buy 1 get 1 free special. The source indicates that there are multiple offers for these houses as well.

Flowing Down Grand Rapids

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Next up we have Grand Rapids, Michigan. This place is a classic example of the saying, “you never know what’ll happen” at work.

Initially, Grand Rapids was a town full of factories. However, when that industry went over the waterfall so to speak, the town continued to rely heavily on manufacturing for its main source of income.

At this point, the general assessment of the area was that it isn’t one that has a diverse job market that can help so many people.

However, something did happen due to how Grand Rapids was. Due to it state, cost of living went down. The prices for the houses followed downward as well.

All of this has caused the economy to surge. There are no signs pointing that the economy of Grand Rapids will be going down anytime soon. In fact, the opposite is true.

When other companies saw this, they began to flock to Grand Rapids to expand or even reposition their businesses there. Nearby is the Medical Mile. This is a massive area that is lauded for the quality research taking place there.

All of this has caused the economy to surge. There are no signs pointing that the economy of Grand Rapids will be going down anytime soon. In fact, the opposite is true.

Amazon will be building a massive facility nearby soon that is sure to bring a whole lot of jobs and opportunities to the area.

These are only a couple of markets that are heating up to be red hot in 2019. If you are chasing opportunities, keep these places in mind and keep your eyes open and ears peeled for more of them.

C21RealStateMarketsBanner - 2 Real Estate Markets to Keep an Eye on in 2019