Finally, everyone is on board and understands that real estate market recovery is underway; the news is no longer filled with predictions of another real estate market crash or questioning whether or not we have reached the bottom. Apparently that issue has finally been resolved - we are making progress toward recovery and everyone essentially agrees.
Therefore, everything from projections of real estate market recovery and house flipping to commercial real estate projections for 2013 have started to dominate the real estate market news.
In fact, recent reports have even included a list of cities with promising commercial real estate forecasts, which is great for investors; therefore, let's take a look at two of the cities highlighted - Denver and New York City.
New York City, New York
Although New York City is not having the best time in the current real estate market, a recent report has New York City among the top 10 cities with promising real estate markets projections in 2013. In fact, New York City comes in at #2, behind San Francisco.
The report has New York City on track for making moderate gains in the commercial real estate market. Specifically, prices, leasing, and renting should all experience moderate gains with the overall real estate market making progress.
If you are an investor looking for a place to buy your next commercial investment property, then you very well may need to add New York City to your list of places to consider starting your search.
Denver, Colorado
Along with New York City, Denver also made the list coming in at number 14. Although many cities were hit incredibly hard by the real estate market crash - which inevitably affected many local economies - Denver's economy has remained relatively healthy considering the national circumstances.
As a result, the city has fewer foreclosures than most other cities in the country and therefore has significantly less road to travel on the path toward recovery. Furthermore, the city has a large number of young residents (approximately 16%), a central location, and overall a great real estate investment opportunity.
In conclusion, many cities throughout the country will experience progress toward recovery throughout 2013; however, some cities are projected to be great investment opportunities for those looking to make a profit off the current real estate market. New York City and Denver are among the list of cities with high investment potential and therefore should be considered by those seeking to invest in the real estate market as it moves toward recovery.
Source: http://www.foreclosuredeals.com/wp/real-estate-investing-denver-and-new-york-city/
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