172: Navigating Real Estate Ownership and Wealth in a Changing Market
“The Greatest wealth is determined by how much real estate you own…” -Lori
In this episode, we tackle the crucial question: "Where should I buy where prices are not going to decline?" We discuss how the greatest wealth is determined by the amount of real estate you own and explore strategies for making the best investment decisions and where those decisions might take you. Join us as we discuss the importance of consulting with professionals to determine what makes the most sense for you. Real estate is constantly evolving, so who is going to own it? Do you want to always rent? Do you want to have more real estate security?? Tune in to find out how to secure your place in the future of real estate.
Lets start with the crucial question: "Where should I buy where prices are not going to decline?"
According to ATTOM: Here are the Top 10 U.S. Housing Markets Least At-Risk of Declines in 2024. Here are those top 10 US housing markets:
1. Chittenden County, VT
2. Shelby County, AL
3. Davidson County, TN
4. Albemarle County, VA
5. Henrico County, VA
6. Brown County, WI
7. Sullivan County, TN
8. Knox County, TN
9. Sedgwick County, KS
10. Blount County, TN
Also, according to the report, on the opposite end of the risk spectrum, 22 of the 50 markets considered least likely to decline were located in Virginia, Wisconsin, and Tennessee. Among these, four were in the Washington, DC, metro area, and another four were in the Richmond, VA, metro area.
A few other key takeaways from today’s episode are:
REO- real estate owned foreclosure- bank owns it and is now back on the market
HUD-Similar to a REO but the govnerment took this property and is now back on the market.
Episode 2- go listen! you can find the apple podcast Episode here! “How do you buy your first home” because your greatest wealth you can have is real estate.
Tune in now to hear more!
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Disclaimer: Please verify all information with the licensed professional of your choice.