Should Secondary Markets Be Your Next Real Estate Investment Move?
October 22, 2019 | Don Wenner | Forbes.com
There is no doubt about it: A migration is afoot. I see it every day, in every market my firm operates in: More and more young professionals, working-class families and senior citizens are choosing to move south to warmer climates with less expensive costs of living.
The bigger Southern cities such as Atlanta, Charlotte and Tampa have long welcomed a steady influx of newcomers, but they are no longer alone. As housing prices in those metropolitan areas have risen, more affordable secondary markets in the Southeast have become the latest magnets for new arrivals in search of a better quality of life. People are flocking to the likes of Spartanburg, South Carolina; Greensboro, North Carolina; Little Rock, Arkansas; Brunswick, Georgia; and Jacksonville, Titusville and Palm Coast, Florida.
Does that mean real estate investors should consider moving some of their money in the same direction? To answer that question, you need to understand what is driving this migratory trend and what could impede it.
