Outlook of Real Estate Careers & Entrepreneurship in the Heartland
The past few years saw the real estate and housing market remain healthy by most evaluations, and affordability is just right, neither under nor overvalued. Because of these factors, many are optimistic and believe there are no signs of a downturn in the coming years. But where is the market booming right now? A report released by the Leading Index of Healthy Housing Markets (LIHHM) shows that markets in the Upper Midwest are among the best performers.
The Upper Midwest economy is expected to grow quickly, as it sees a drop in unemployment, a faster rate of job growth, and an increase in wages. Business leaders are quite optimistic about the outlook in the area, especially in Minnesota, making it the perfect time to begin a real estate career.
Commercial Real Estate
The past year saw relative stability and the real estate market performed quite well, so it’s an excellent time to buy commercial property. There were slight rent increases, but plenty of bank-owned properties sitting on the market disappeared.
In Upper Midwest states...