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Southeast Real Estate Investment Market Report: Jan. 2020

Mortgage Broker vs Direct Lender. You’re in the market for an investment property and you’ve found a viable project, and your next step is securing a loan. For some, this is the most stressful step. You want to ensure your finances are in shape and examine your credit score before deciding where to apply for your loan. This used to be a simple matter of walking into a bank or credit union. Today there is a wide range of options, including mortgage brokers and direct lenders.

Find out which option is for best you

Market Activity

Atlanta, GA
Market Overview

Demand propelled by economic growth and changing lifestyles. Atlanta’s universities and variety of headquarters for both corporate and governmental agencies offer opportunities for an expanding market. Job growth continues to expand, increasing demand for apartments. In addition, rising home prices have caused a shift in lifestyles keeping residents in the rental market longer.
Source: Institutional Property Advisors

1,362
Homes Sold
$312,000
Avg. Home Price
$1,474
Median Rent
U.S Census Bureau: fourth quarter 2019
6.5%
Rental Vacancy Rate
1.4%
Homeowner Vacancy Rate
3.2%
State Unemployment Rate
Metro Area Unemployment
Albany, GA
3.4%
Athens-Clarke County, GA
2.4%
Atlanta-Sandy Springs-Roswell, GA
2.6%
Augusta-Richmond County, GA-SC
2.8%
Brunswick, GA
2.6%
Chattanooga, TN-GA
2.9%
Columbus, GA-AL
3.2%
Dalton, GA
3.6%
Gainesville, GA
2.1%
Hinesville, GA
3.1%
Macon-Bibb County, GA
2.9%
Rome, GA
3.1%
Savannah, GA
2.6%
Valdosta, GA
2.9%
Warner Robins, GA
2.7%

Market Activity

Charlotte, NC
Market Overview

Corporations continue to take advantage of North Carolina’s business-friendly climate and steadily adding jobs. Over the past year, all three major markets have seen at least a 2 percent employment surge. The Greensboro/Winston-Salem metro recorded it’s strongest growth rate in over 10 years and continues to attract logistics companies. Charlotte is still emerging as a technology hub triggering a need for Class A units as these positions typically see higher wages.
Source: Institutional Property Advisors

1,263
Homes Sold
$268,000
Avg. Home Price
$1,246
Median Rent
U.S Census Bureau: fourth quarter 2019
6.2%
Rental Vacancy Rate
1.4%
Homeowner Vacancy Rate
3.7%
State Unemployment Rate
Metro Area Unemployment
Asheville, NC
2.6%
Burlington, NC
3.2%
Charlotte-Concord-Gastonia, NC-SC
3.1%
Durham-Chapel Hill, NC
3.0%
Fayetteville, NC
4.6%
Goldsboro, NC
3.6%
Greensboro-High Point, NC
3.6%
Greenville, NC
3.7%
Hickory-Lenoir-Morganton, NC
3.2%
Jacksonville, NC
4.0%
Myrtle Beach-Conway, SC-NC
3.0%
New Bern, NC
3.5%
Raleigh, NC
3.0%
Rocky Mount, NC
4.6%
Virginia Beach-Norfolk, VA-NC
2.7%
Wilmington, NC
3.1%
Winston-Salem, NC
3.2%

Market Activity

Orlando, FL
Market Overview

Rental demand fueled by employment and household gains. The metro registered the second highest rate of job growth in the nation. Employment opportunities are bringing in more than 1,000 new residents each week, creating the need for housing. In Orlando, many are choosing to rent as residential prices increase, preventing them from owning.
Source: Institutional Property Advisors

1,234
Homes Sold
$260,000
Avg. Home Price
$1,438
Median Rent
U.S Census Bureau: fourth quarter 2019
8.7%
Rental Vacancy Rate
1.6%
Homeowner Vacancy Rate
3.0%
State Unemployment Rate
Metro Area Unemployment
Cape Coral-Fort Myers, FL
2.6%
Crestview-Destin, FL
2.3%
Deltona-Daytona Beach, FL
3.1%
Gainesville, FL
2.5%
Homosassa Springs, FL
4.1%
Jacksonville, FL
2.6%
Lakeland-Winter Haven, FL
3.2%
Miami-Fort Lauderdale, FL
2.7%
Naples-Immokalee-Marco Island, FL
2.7%
North Port-Sarasota-Bradenton, FL
2.7%
Ocala, FL
3.3%
Orlando-Kissimmee-Sanford, FL
2.5%
Palm Bay-Melbourne-Titusville, FL
2.8%
Panama City, FL
2.8%
Pensacola-Ferry Pass-Brent, FL
2.7%
Port St. Lucie, FL
3.1%
Punta Gorda, FL
3.2%
Sebastian-Vero Beach, FL
3.2%
Sebring, FL
3.9%
Tallahassee, FL
2.6%
Tampa-St. Petersburg-Clearwater, FL
2.7%
The Villages, FL
4.1%
Homes sold and average home price data is from Redfin.com. Median Rent data is from rentcafe.com.

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