May 4, 2021
Residential real estate is one of the most popular alternative investments for Americans. It’s also
extremely successful. However, that success can vary drastically by location. The Wall Street Journal teamed up with Realtor.com to put together a list of the 300 best markets. Coeur D’Alene, ID; Austin, TX; Springfield, OH; Billings, MT; and Spokane, WA were the five leading markets. Real estate supply and demand lead the methodological categories, but they also consider wages, regional price parity, amenities, commute, foreign-born residents, and small business health. At the bottom of the index was New York, NY.
(New York)
FINSUM + Magnifi: Real estate is an obvious diversity to one’s portfolio, but for those that don’t live in these areas, various real estate indices and ETFs provide an alternative.
Other news today: Biden Admin Coming After Gig Economy and This Asset Will Be the Big Winner from Biden’s Tax Plans
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