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Investing in real estate can be a successful way to boost your net worth if you know where and how to invest. If you are looking for a good location to put your money, consider the 10 cities below.

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  1. Dallas, TX

The average house costs about $138,100 in Dallas, Texas. Dallas is a great place to invest if you’re looking to own in or near a big city. It’s a great place to be with its many restaurants and shops – why else would about 1.1 million residents live here?

  1. Indianapolis, IN

With job growth jumping from 1.8% to 2.3% in the last 6 months, Indianapolis is a great place to invest. The average house sells for $213,000 and can be rented from $800-1,000 a month. The excitement of the city itself is a bonus.

  1. Cleveland, OH

Job growth is on the rise while home prices decline. Cleveland is a great place to invest as it is not an overcrowded area, but still maintains the city feel at a great price. This is also home of the NBA’s Cleveland Cavaliers – basketball lovers rejoice!

  1. Memphis, TN

Memphis is home of some of the most influential musicians, giving it some pretty cool history, landmarks, and attractions. The average price of a home in Memphis is $190,000 and rents for about $1,000.

  1. Philadelphia, PA

An average home in Philadelphia has a mortgage of $487 and can be rented out for $1,200. If the difference in these costs isn’t enough to convince you to invest here, Philadelphia is also home of the famous Liberty Bell and other historical landmarks. 

  1. Chicago, IL

Chicago is one of the most popular, sought-after cities to invest in – not only because of the excitement of the city, but because of the 9.13% median cash on cash return. What are you waiting for?

  1. Houston, TX

Houston’s relatively small downtown area provides a great amount of reason to invest. The average income is $53,000 while the average mortgage payment remains at $662.

  1. Fort Worth, TX

In Fort Worth, you can find homes for as low as $121,000. This is a great place to invest as it is one of the more affordable parts of Texas and has a job growth rate of about 4%. 

  1. Warren, MI

Warren is a great place to invest as the houses are cheaper than other parts of Michigan, the crime rate is low, and the work force has maintained steady job growth.

  1. Fort Lauderdale, FL

Known for its beautiful beaches, this coastal city is a great place to invest. The average home costs $318,500 and home values have gone up 7% in the last year. The growth is expected to continue on this upward trend.

Investing can be a great way to build equity as long as you know where and when to invest. If you are still not sure where to start, call New American Funding today.

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https://www.remarketview.com/market-report/market-report-july-2019

https://www.forbes.com/sites/ingowinzer/2019/01/07/2019-best-markets-for-real-estate-investments/#28b365e471f5

https://www.forbes.com/sites/ingowinzer/2019/02/08/investing-in-texas-real-estate-here-are-a-few-things-you-should-know/#316fbe0a33d4

https://www.mashvisor.com/blog/fort-lauderdale-real-estate-market-2019/


Read more at https://www.newamericanfunding.com/blog/2019-best-cities-to-invest-in/#t3kF3FL3tyEvo2Yd.99

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Posted To: Mortgage Rate Watch

Mortgage rates remained in line with 3-month lows today for the average lender. Several lenders offered marginally better terms compared to yesterday, but in those cases, the only changes were to the upfront costs associated with the same rates quoted yesterday. It's a pleasant surprise to see rates as low as they are considering several economic reports have been quite strong recently. In general, stronger economic data tends to put upward pressure on rates. That was a risk today with today's Existing Home Sales report coming in at the best levels since early 2018. But econ data isn't the only consideration for the bond market that underlies day-to-day rate movement. Low inflation, geopolitical tensions, and even concerns over the Coronavirus outbreak are just three of many other factors that...(read more)

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Existing Home Sales Highest in Nearly 2 Years

Posted To: MND NewsWire

Existing home sales rose convincingly in December, gaining 3.6 percent compared to sales the prior month. Sales of all existing home types , single-family, townhouses, condos, and cooperative apartments were higher than in November and all posted double digit increases from sales in December 2018. The National Association of Realtors® said home sales were at a seasonally adjusted annual rate of 5.54 million units in December compared to 5.35 million units in November. They were up 10.8 percent from the 5.00 million pace in December 2018. Single-family home sales were also solid, posting a gain of 2.7 percent to an annual rate of 4.92 million (compared to 4.79 million in November) and a 10.6 percent change from a year earlier. Condominium and co-op sales were recorded at a seasonally adjusted...(read more)

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