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If you’ve been waiting for a change in the housing market, that moment may finally have come. Rising inventory and soft demand have started favoring buyers in many parts of the country. More than 60% of the nation’s largest housing markets are now balanced or buyer-friendly, while only 26% remain seller’s markets, according to a new study. Realtor.com Analysis.
“This is an unprecedented time to buy real estate in markets where supply exceeds demand,” private equity fund manager and real estate investor Grant Cardone told GeoBankingRates.
While Cardone, who will host the 10X Real Estate Summit In Fort Lauderdale, Florida, he believes investors can find opportunities “all across the United States right now,” adding that some areas are more important than others. Cardone said here are the U.S. housing markets that offer the best deals now, where discounts may emerge next and which areas to be cautious about.
The Best US Housing Markets to Buy Right Now, According to Grant Cardone
Inventory positions in several major metros are creating favorable dynamics for buyers, but clear opportunities are concentrated in a handful of areas where supply exceeds demand.
Florida
Florida tops Cardone’s list, with opportunities spanning almost the entire state.
“There are incredible opportunities from Jacksonville to Miami to Naples, to the Panhandle, and especially on the West Coast – from Naples to Tampa,” he said. “That whole Gulf Coast is full of opportunity.”
Other Markets Cardon Recommended
In addition to Florida, Cardone pointed to several major metros where housing supply has grown faster than demand:
- atlanta
- houston
- Austin, Texas
- dallas
- Most of California
“In almost every major city in the United States, you have more sellers than buyers,” Cardone said.
US housing market where buyers may soon find deals
Cardone also believes that purchasing opportunities may soon increase in some of the country’s most expensive metros, especially those that are experiencing population outflows. These are cities where cost of living – especially housing and taxes – is a major factor.
“Where are the deals going to happen? Where is the money coming from,” Cardone said.
He specifically quoted:
- new york city
- chicago
- los angeles
- san francisco
As net transfers continue, increased inventory and motivated sellers could create more favorable pricing dynamics for buyers willing to wait.
US housing market buyers may want to avoid right now
While Cardone sees opportunity in much of the US, he cautioned investors against markets where large corporate players are increasing competition.
“You should avoid any space where you’re competing with tech companies or the Starbucks or Google guys,” Cardone said.
Corporate expansion can distort pricing by introducing deep-pocketed institutional buyers, often making it harder for individual investors or home buyers to compete.
starbucks recently announced It will open a new office in Nashville, Tennessee. Meanwhile, Google founders Larry Page and Sergey Brin are relocating several of their California-based units to Nevada and Miami, the new York Times Report – a change that could further intensify competition in already high-demand markets.