Forbes Magazine has been keeping the Grand Rapids, MI graphic in their “Frequently Used” cache over the past few years. The latest list may be the best one yet.
If you’d like to invest in Grand Rapids Michigan, please contact me. I can offer guidance on purchases, and Life Cycle Property Management can manage the property in a sustainable and affordable way that also contributes to the wellness of our beloved town.
Click the graphic to read the full story:
Grand Rapids: “Best City to Invest in Housing in 2016”
https://grandriverrealty.com/wp-content/uploads/2018/03/GrandRiverLogo-med.png00petedroverhttps://grandriverrealty.com/wp-content/uploads/2018/03/GrandRiverLogo-med.pngpetedrover2016-01-29 10:52:322018-03-09 12:13:29Grand Rapids MI: #1 City in the US to Buy Real Estate in 2016
excerpt: To compile our list, we sought to measure the robustness of American metro areas’ growth both recently and over time. We looked at all of the metropolitan statistical areas (MSAs) for which the Bureau of Labor Statistics reports monthly employment data. They are derived from three-month rolling averages of U.S. Bureau of Labor Statistics “state and area” unadjusted employment data reported from November 2002 to January 2014…
Forbes recently ranked US cities based on current market prices as compared to what Local Market Monitor deemed an “Equilibrium Price:”
“choices were ranked primarily on four factors: population, home prices, and the local jobs economy. Each of our Best Buy Cities have high population and job growth, relatively low home prices, and are still considered under-valued…
“The key to coming up with this list is a proprietary measure that Local Market Monitor dubs the “Equilibrium Home Price.” Basically, it tracks what the average price for a market should be, if speculation, weird distortions in local income, and other factors (like the housing collapse) weren’t present in the market. The measure presumes that prices will eventually return to this level. When homes are far under the equilibrium price, investors are getting a good buy and can expect to make a good return. The other important consideration for investors is, of course, a healthy local economy. After all, there is zero point in purchasing a home in a market where the population is fleeing. That’s why Best Buy Cities are places where opportunities are growing.
https://grandriverrealty.com/wp-content/uploads/2018/03/GrandRiverLogo-med.png00petedroverhttps://grandriverrealty.com/wp-content/uploads/2018/03/GrandRiverLogo-med.pngpetedrover2013-12-31 09:22:502018-03-09 12:04:24Grand Rapids ranked 11th on Forbes’ “Best Buy Cities: Where to Invest In Housing In 2014”
https://grandriverrealty.com/wp-content/uploads/2018/03/GrandRiverLogo-med.png00petedroverhttps://grandriverrealty.com/wp-content/uploads/2018/03/GrandRiverLogo-med.pngpetedrover2013-04-26 12:03:322018-03-09 12:21:39Grand Rapids Makes Forbes List of Top 10 Cities for Finding Employment
