Forbes ranked the 20 best markets to invest in housing in 2016 and Florida made its presence felt with seven cities gaining recognition.
The criteria for the ranking:
Local Market Monitor screened the 100 largest Metropolitan Statistical Area and Divisions (geographical designations used by the U.S. Census Bureau to delineate a core city and its surrounding suburbs), all with populations of at least 600,000, for characteristics that make for good investments. Each of our Best Buy Cities boasts healthy job growth, strong population growth, and anticipated home price appreciation. The majority of the cities are still considered undervalued.
South Florida was represented in the Top 10 with Fort Lauderdale coming in at No. 8, encompassing Fort Lauderdale, Pompano Beach, and Deerfield Beach. They calculated a three-year home price growth forecast of 20 percent for that market.
Forbes’ Top 20 Best Buys of 2016
1. Grand Rapids
3. San Antonio
5. Salt Lake City
8. Fort Lauderdale
10. Cape Coral
19. West Palm Beach
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