DIY Investing: An Easy Guide To Investing Your Own Money
02.12.2023We’re back with a brand new season of Whiteboard Friday episodes for your viewing pleasure. First up: SEO expert Cyrus Shepard shares his top 22 tips for successful Google SEO in 2022. Watch to find out what to prioritize and what to look out for in the year ahead! Click on the whiteboard image above to open a high resolution version in a new tab! Video Transcription Howdy, Moz fans. Welcome to another edition of Whiteboard Friday, a very special edition, our annual SEO tips of the year edition. This year it is 22 smart SEO tips for 2022. I’m going to be talking about some of the most talked about things in the SEO industry over the past year plus a few tips from last year that we wanted to pull over because they were just that important. Because we’ve got 22 of them and we don’t want this video to take forever, we’re going to be going through these pretty quick, but for you we’ve linked to some resources in the transcript below so you can explore all of these topics further if you want. All right. Without further ado, let’s get started. On-page SEO tips for 2022 1. A/B testing I’m going to start with some on-page topics. Tip number one, A/B testing or simply testing. We’ve seen a lot more testing tools pop up in the last couple of years, which is awesome because SEO is not make a decision and implement it and you’re done. SEO is implement, evaluate, and then make decisions or sometimes course corrections. Is this something we need to pull back? Did C perform better than D? Which one would we choose? All the tips we’re talking about today can apply to this testing mentality. SEO is incredibly complex, and the old-school idea of best practices just doesn’t cut it anymore. So in ’22, develop a testing mentality with your SEO. 2. Author pages Number two, author pages. I really love this because Google this year updated some of their advice around author pages and their schema markup. It’s an important part of my strategy and a lot of websites that I use. A good quality author page helps Google evaluate your authors, which can be used for E-A-T and other things, and helps link them with their expertise. So linking your articles to a good author page usually includes links to other websites, author profiles, links to the articles they wrote, some biographical information. It can help establish your authors as expertise in a certain space. So take a look at your author pages and try to improve them and make this a task. 3. Google title rewrites Google title rewrites, number three. I don’t think there is any topic more discussed in 2022 than Google rewriting titles. A lot of studies, including one I did, showing Google rewriting 60%, 70% or 80% of a site’s titles. It can be frustrating. But what we’re finding is a lot of people aren’t evaluating those Google title rewrites. When you do, you can learn a lot about your own titles. Why is Google rewriting it? Is my title too long? Am I missing important keywords? Do I have fluff in there that Google doesn’t like? Or in some cases you can go back and try to correct the title that Google rewrote if they’re doing just a terrible job. So Google title rewriting, do an audit of those Google titles and learn what you can do. 4. Nuke the «fluff» Speaking of fluff, this may be the year that you want to nuke the SEO fluff. You know what I’m talking about with SEO fluff. It’s those flowery keywords. It’s those descriptions and it’s recipe pages. «Oh, I was walking along the Irish countryside thinking about my bread and biscuits.» That is your fluff. We’re finding that it may not be necessary, and it may even be detrimental to your SEO. Glenn Gabe wrote a great case study where they reduced a lot of their fluff on category descriptions and they actually saw an increase. Google is removing fluff from title tags. So this marketing, flowery, SEO writing stuff, it may not be helping you, and, in fact, it may be hurting you. Today Google is rewarding sites or seems to be rewarding sites that provide quick answers and more direct engagement. Better engagement, it’s usually better for your customers as well. So experiment with losing the fluff in 2022. 5. FAQ schema Number five, FAQ schema. So last year we talked a lot about different schema types, how-to schema, FAQ scheme, different things. If there was a clear winner in 2022, it was FAQ. The reason FAQ is the winner is because so many sites can qualify for it, it’s easy to implement, and if you win a FAQ schema in SERPs, you can gain a lot of Google real estate. So there are a lot of articles that talk about how to optimize for FAQs. You can get links, deep links in FAQs. There are a lot of things you can do. We’ll link to those in the transcript below. But take a look at your FAQ schema if you’re not currently using it: How to Optimize Your FAQ Schema to Maximize Positive OutcomesWhat Google’s FAQ Schema Update Means For Your SEO Strategy6. Tabbed content Last year we talked about tabbed content, bringing your content that is in tabs, in navigation and bringing it out. This year, we’re getting a little more advanced. Our friends at Merj did a study about types of tabbed content and how easily Google can extract and render and index different tabbed content. So if you still have content in tabs, it doesn’t necessarily mean you have to take everything out, but you should research if Google is able to index and rank those appropriately. There are better resources this year to try to do that. So take a look at your tabbed content. 7. Faceted navigation Along the same lines, faceted navigation. We’ve been talking about faceted navigation for years, but this is the year to get a little more strategic with it. In certain ways, faceted navigation has always been like a set of rules, like if it has green dress, we are not going to index this or crawl it, but if it is size 12 or higher, we will index it. Today, smart SEOs are getting a lot more savvy about what they index, don’t index, and crawl with faceted navigation, and these tools are becoming increasingly available for sites like WordPress and things like that, where you can actually look at the traffic each page receives and index, crawl, faceted navigation on a page by page level, and these broad rules aren’t necessarily as necessary. You can get down to the nitty-gritty and increase your traffic that way, with fine-grained tools. So both tabbed content and faceted navigation, old-school concepts, but we’re getting much more sophisticated with them in 2022. Link building tips for 2022 All right, let’s talk about everybody’s favorite subject, links, because you need links to rank in SEO. But what a lot of smart SEOs know and talk about is you need links to rank in SEO, but you probably don’t need as many as you think. 8. Internal link optimization If you only have a few good external links, one of the best ways to leverage that is optimize your internal link optimization. We’ve seen a number of new tools and processes talking about internal link optimization. We’re talking about pages that have too few links, under optimized anchor text, pages that have great opportunities that aren’t ranking that should. So if you haven’t done an internal link optimization audit in a while, this is the year to do it and this is the way to leverage those internal links that you’re getting. 9. Deep linking Speaking of which, deep linking. In the old days, if you linked to a page, you just linked to the URL. But we’re seeing an increase in deep linking, linking to specific passages, text fragments, things like that, navigation, jump links. This is increasingly becoming a popular strategy to get people deeper into the page and give Google and other search engines signals about very specific parts of pages. This seems relevant as Google has recently introduced passage ranking, where they’re not just evaluating the whole page. They can understand individual passages as well. So making deep linking part of your strategy, as opposed to just linking to the URL, seems to be a great way of moving forward. 10. High ROI link building High ROI link building. I watched a great presentation from Ross Simmonds this year, the Coolest Cool, on link building with assets and determining the ROI of each of them, because everything you build links with, whether it be a tool, a blog post, a free PDF, it has a cost and that cost has an ROI. Ross found that certain things have higher ROIs than others. Tools have an incredibly high ROI, but they’re also expensive to create. Pages with stats on them, not that expensive to create, but also a really high ROI. I’m going to link to that video. It might be a paid subscription. I apologize about that. But it’s awesome. It was voted number one at MozCon. If you do link building, it’s definitely worth watching and definitely worth the cost. High ROI link building, know the cost of everything you’re producing and how much value you’re getting out of it. 11. Reduce redirects Let’s go old school again. Our friend Nick LeRoy tweeted not too long ago about reducing redirects. This is really old school, but a lot of people are forgetting it these days. If you have a large site and you have thousands or millions of redirects all sending confusing signals, 301 jumps to a 302 jumps to a 404, what is that? Looking at your redirect chains and reducing them to a single redirect with a clear directive can help reduce canonicalization errors. It can improve crawling efficiency, and at scale it can influence your rankings. So if you have a large site or even a small site with a lot of redirects, this is the year you want to do a redirect audit. Get on it. Audit, on it. 12. SEO for affiliate links How about SEO for affiliate links? We don’t talk a lot about affiliate links here at Moz, and Google traditionally hasn’t talked a lot about it either. But this year we saw Google introduce specific guidance for affiliate sites, which is something they really haven’t done before. Specifically for review sites, Google talking about what a good review looks like, talking about the good and the bad part of the product, the fact that you should link to multiple merchants so consumers have a choice. We haven’t seen this from Google before. So if you do SEO for affiliate sites, you do review sites, this is the year to review those Google documentations and make sure you’re creating sites that Google rewards and actually following Google’s guidance on it, which is something in past years I didn’t think I would be able to say about that. So it’s awesome to see. Google SEO tips for 2022 13. Reputation research All right, moving on to different topics, reputation research. My friend Lily Ray talks about reputation research a lot in terms of E-A-T. The idea that Google can evaluate your site based on what other people say about you. So if you’re Dr. Mercola and an anti-vaxxer and everybody is saying all these terrible things about you on other websites, Google can disappear you from search. Reviews, what are other websites saying about you in terms of reviews? Google quality raters often look at other websites to get reputation research, and it’s supposedly believed that Google can do the same thing algorithmically. So making reputation research part of your SEO audit process, what are other sites saying about you, is it incredibly positive, is it incredibly negative, this is especially important for your money or your life sites, sites that are going to be more impacted by E-A-T algorithms. So if you sell things or dispense medical advice, reputation research is a little bit more important for those sites. 14. Core Web Vitals — minimums Boy, last year we talked about Core Web Vitals a lot. One of my happiest things is that we are talking about it much less. Google announced a big update. It was a big hooplala. It didn’t quite work out the way Google kind of explained that it might. What happened was Google released Core Web Vitals, and some sites saw a boost, other sites saw a decrease, but it wasn’t as intense as we thought it might be. A lot of sites did improve. But we’re finding in 2022 maybe we don’t need to worry about it as much as we thought. My colleague Tom Capper did a study that showed that slow sites were still ranking and fast sites were ranking even higher, but the effect wasn’t as much. The one thing Tom did find though, that was important, was sites that failed all three Core Web Vital requirements were definitely in the dumps. So we should optimize for speed always, but perhaps in 2022 we don’t need to obsess over it as much as possible, based on Google advice. Speed is awesome. You should make your sites as fast as you can. But Core Web Vitals, don’t sweat it as much as we were in 2021. 15. Ditch AMP? Other things we might want to consider not sweating, AMP. 2021 was the year that we’ve seen a lot sites start to ditch their AMP. This is because Google no longer requires it as a ranking factor in their top stories. It does provide some speed benefits. It’s kind of a neat technology. We know people who work on it. It’s really cool. But a lot of companies were stressing out trying to maintain two different versions of their website to get that ranking boost. A lot of sites are starting to like, «Well, we don’t want to have two different versions. It’s a lot of overhead. It’s a lot of engineers. What if we just got rid of it?» They’re finding it really doesn’t make a difference. They can just work with one platform and still get as much rankings as they want. So if your company is struggling with AMP, this might be a year to experiment with ditching it. Or keep it if you like. It’s great, but a lot of people seem to be walking away. 16. Google Discover On the flipside, a lot of people are flocking to Google Discover. Google Discover is interesting. It’s not traditional SEO traffic, where you research a keyword and people are converting. It’s a little bit more like social media traffic. In fact, social media sharing seems to be one of the ranking factors that can influence how much traffic you get from Google Discover. But what we’ve seen in the last year is some publishers are optimizing for Google Discover, publishing those stories, and seeing huge amounts of traffic for that. Great for like news sites, blogs, popular things, things that talk about popular topics. We’ve gotten some Google Discover traffic here at Moz. We’re going to link to a couple of articles to show you how to optimize for Google Discover. But if you haven’t tried it yet, it may be a channel for you to explore in 2022. 17. Local SEO GBP categories We’ve got to squeeze in one local SEO tip. We’re doing this for our friend Darren Shaw, who publishes the Local Search SEO Ranking Factors every year, doing an awesome job at it. If you have a local site and you just have five minutes to do one thing, the number one SEO tip for 2022, get your GBP categories in order. Ranking factors studies show that it is the number one thing that can influence rankings. Do an audit of your Google Business Profile categories. Darren has a lot of tips over there with that Local SEO Ranking Factors. I would encourage you to look at it. Also Joy Hawkins is doing a lot with experimentations. I’d encourage you to look at her site as well. 18. Favicon review My tip, the tip that I’m going to die on this hill — favicon optimization. Why favicon optimization? I talked about this last year, but I don’t think people took me seriously enough. Over 50% of search results take place on a mobile phone where your favicon shows, and people are not optimizing those favicons. A good favicon can draw attention. It can zero you in on a very busy SERP, and it does it with just a few pixels. A good favicon can raise your click-through conversion rate one or two percent, which is awesome. How does it work? What do you notice on this screen? You notice the tip with a favicon. A good favicon is usually bright, it’s usually high contrast, and it draws your attention to your search results. So optimize your favicon, folks. I’m dying on that hill. SEO career tips for 2022 All right. So I want to spend a few tips on talking about your SEO career, because I don’t think we talk about this enough. What should you be learning this year, aside from Python because everybody loves Python? 19. Learn GA4 This might be the year that you want to finally familiarize yourself with GA4. GA4 is the product that’s replacing traditional Google Analytics. You’re going to see it in a lot more client accounts. It can be a little confusing to people. Some of the metrics aren’t there. It’s got some cool things in it admittedly, like they basically got rid of bounce rate and replaced it with engagement metrics, which is great because a lot of SEOs are a little too focused on bounce rate and engagement may be more representative, a holistic way that Google views your website. Our friend Dana DiTomaso has a course on LinkedIn that you can check out. But familiarize yourself with GA4 so you can walk into those meetings and you can present those reports and know what you are talking about. 20. Attend virtual conferences Conferences. COVID moved a lot of conferences virtually online. People attended them. A lot of people are getting burnt out on virtual conferences. But looking back at all the virtual conferences of 2021, there’s some great value there. Here at Moz, we had MozCon. We had some tremendous speeches. It also makes it more affordable for people all over the world. Traditional conferences, you pay $1,000 to $2,000 just to attend the conference plus travel and all that. But with virtual conferences, oftentimes they’re free or just $100 or $200. You can attend virtually and focus on the content and the learning and advance your career, and do the networking, reach out to the speakers. There are lots of opportunities there. So I would commit in 2022 to attending two or three virtual conferences and make that part of your career advancement. 21. Charge more Finally, the last tip on the career, charge more. 2022 is the year to charge more for your SEO services. Our friend John Doherty at Get Credo publishes his annual salary report or agency fee report. If you’re an independent consultant or agent, you can check to see what you’re charging compared to your peers. But, in general, SEO services are in high demand all over the world, especially high-quality SEO services. The power is in your hands to charge what you are worth, not undermining yourself. If you’re working in-house, it might be time to evaluate your salary and make sure you’re getting paid what you deserve, especially if you’re not getting paid as much as your colleagues or you’re part of an underrepresented group. Charge more in 2022. Make more money. And finally… 22. Be the last click Final tip of 2022, this was the final tip of 2021. It’s my favorite SEO tip of all time. Be the last click. That means satisfy your users. When someone is searching Google or any other search engine and they’re presented with a list of results, they’re clicking around, looking for what they want to be, make sure you are the last site that they click. Why? Because when they clicked to your site, they found what they were looking for. You satisfied them so much that when they see your site again, you’re going to be the first one that they click on because you gave them the answer. Provide awesome experiences for your users. Think of them first. Give them everything they want. Give Google no excuse not to rank you number one in the search result. All right, 22 tips for 2022. That’s all I’ve got. I would love to hear your tips. Please leave them in the comments below. Reach out to me on social media. If you liked this video, please share it. Thanks, everybody. It’s been fun. Video transcription by Speechpad.com
02.12.2023[ad_1]
There is strong demand for real estate due to record-low mortgage rates, an accommodative Fed, and a desire for a more stable asset class. This post looks at the best cities to buy real estate in America today.
Real estate continues to be my favorite asset class to build wealth due to its stability and income. Savvy investors are looking to buy real estate to keep the potential profits going.
With interest rates way down, the value of cash flow has gone way up. Therefore, rental properties in good locations should be worth much more than they currently are. It takes a lot more capital to generate the same amount of risk-adjusted income.
In Search For Undervalued Real Estate
In a previous post, I already spent a ton of time analyzing the most attractive states to buy real estate based on migration trends and valuations. Now all I’ve got to do is identify the top cities from the top states. With the pandemic, the calculus of deciding the best cities to buy real estate have slightly changed.
Cities like New York City, LA, and Washington DC are crowded. Prices are high and people are getting fed up with the constant traffic. More people want more space as well due to the pandemic. As a result, more people are moving to lower cost and lower density areas of the country.
Thanks to technology, there’s no reason why employees have to always come to the office anymore. They can work remotely. Given the largest cities are also the ones with the highest cases of COVID-19, the coronavirus pandemic should accelerate the remote trend and the desire to work in a less densely populated areas.
As a family man now, I’d personally love more space and safer streets for my kids. But to buy a 10,000 square foot lot in San Francisco would probably cost me over $20 million if one were ever available!
Therefore, I decided to buy another single family home on the less dense west side of San Francisco. Intracity migration is happening. Pay attention.
However, for those of you looking to invest in real estate around the country, here are the best cities to buy real estate today.
The Best States To Buy Real Estate
To figure out the best cities to buy real estate, let us first review the top states to buy real estate in the new decade by migration and valuation. I’ve ranked them based on the combined rankings of the two variables.
South Carolina comes out first, followed by Vermont, South Dakota, Tennessee, etc.
You may disagree with my ranking methodology, which is fine. This is why we have a market. However, let’s now cross reference the most attractive states with the most attractive cities to buy real estate provided by the Urban Land Institute (ULI), a commercial real estate institution.
CrowdStreet, my favorite real estate marketplace for accredited investors, pointed me to ULI after I discussed with their team my goal to identify cities with the most investment potential. The full ULI report, including their top real estate prospects for 2020 and beyond is available here.
You’ll notice from the chart that 8 of the top 10 markets for overall real estate prospects are secondary metros (aka 18-hour cities). 8 of the top 10 markets also hail from my top 15 best states to buy real estate. The only two cities in ULI’s top 10 that are not considered 18-hour cities and are not in my Top 15 states are Boston and Los Angeles.
Therefore, I think we can agree that both sets of analysis makes sense.
Reviewing ULI’s Best Five Cities To Buy Real Estate
Austin #1 (ULI rank) / Texas #7 (FS state rank)
Austin seems like everyone’s favorite city for real estate investing nowadays and for good reason. Its slogan is “Keep Austin Weird,” which sounds eerily similar to how things are in San Francisco. Austin has a deep talent pool. The city has a unique and high quality lifestyle. Further, the state has no state income taxes. Lifestyle is reasonably priced real estate. Finally, Austin has a strong commitment to business and real estate expansion.
On the downside, traffic is an ongoing issue and housing affordability pressures are rising. Austin has the highest projected population growth rate for the coming five years among the 80 markets ULI has analyzed.
Development is booming and the landscape studded with impactful
projects: Apple is building a $1 billion North Austin campus; a multi-developer transit-oriented development is underway near downtown on Lady Bird Lake; the new Dell Medical School recently opened at the University of Texas; a major airport expansion is underway; and Google is also aggressively expanding in town.
Austin will likely continue to be the best city to buy real estate in the country for many years. Although, its torrid price appreciation growth in 2020 and 2021 so far is unsustainable. Austin real estate prices have grown by over 30% YoY in 2021.
Raleigh/Durham #2 (ULI rank) / North Carolina #8 (FS state rank)
Raleigh/Durham, ranked number two overall, has been seeing impressive investment in its suburban office and multifamily sectors.
This market’s concentration of educational institutions—Duke University, the University of North Carolina, North Carolina State University, and several smaller colleges has made the area a center for intellectual capital.
Further, there is Research Triangle Park, which is being branded as a technology mecca with more than 89,000 tech jobs. With tech jobs accounting for 10.9 percent of the employment base, the Raleigh/Durham area ranks third behind Silicon Valley and San Francisco in tech industry share, according to a recent Tech Cities report.
Nashville #3 (ULI rank), Tennessee #4 (FS state rank)
Tennessee is my #4 best state to buy real estate and Nashville is the top city prospect. The local mood is ebullient, with expectations strong for continued investment and development.
On the corporation front, Nashville has Alliance Bernstein’s headquarters, an Amazon operations center, and the expansion of dental products firm Smile Direct Club. There are some 8,000 new jobs linked to these firms.
Just beware that housing supply is increasing in places like Austin, Nashville, Dallas, and Houston in 2022+. Therefore, the key is to forecast whether demand will continue to more than outstrip supply. When it comes to forecasting a housing downturn, you’ve got to be aware of upcoming supply.
Charlotte #4 (ULI rank), North Carolina #8 (FS state rank)
Charlotte moved up from ninth to fourth in ULI’s survey as the city is attracting technology and manufacturing firms.
The city has been a banking sector hub for over 20 years given it is the headquarters of Bank of America.
Charlotte (with just 0.8 percent of the U.S. population) attracted 1.2 percent of the nation’s real estate investment in the three-year period from 2016 through 2018 and stepped up to a 1.5 percent share during the first half of 2019.
Orlando #5 (ULI rank), Florida #9 (FS state rank)
Orlando captured 1.3 percent of the 2016–2018 national investment volume, holding steady at a 1.2 percent share in early 2019, and, like Charlotte, well-exceeded its 0.8 percent share of the U.S. population.
ULI’s survey highlighted Orlando as seventh in overall real estate prospects, ninth in development/redevelopment opportunities, and 17th in both homebuilding prospects and local expectations of investor demand in 2020.
Unsurprisingly, given its projected population increase of 71,000 over the
next five years, this market is overwhelmingly rated a multifamily “buy” in ULI’s survey, with offices also seen as a “buy” by 50 percent of our respondents. Local experts anticipate that the expansion of the rail link from Miami—now under construction—will boost already robust tourism flows.
Finally, who doesn’t love no state income tax?
CrowdStreet’s Best Cities To Buy Real Estate
Given CrowdStreet is primarily focused on investing in 18-hour cities, they’ve also come up with four cities they see as interesting opportunities for real estate investing.
Milwaukee, Wisconsin
* $131,000 median home price, #66 ULI rank
One of the largest real estate projects of 2018 was the $524 million Wisconsin Entertainment and Sports Center. It is home of the Milwaukee Bucks NBA team. The Bucks are one of the four favorites to win the NBA championship in 2020. If they don’t, Giannis Antetokounmpo is probably going to leave in 2021. He will join my Golden State Warriors for maximum money!
A new modern streetcar, known as The Hop, will soon run downtown within a quarter-mile of the most densely occupied office towers, including the headquarters of Northwestern Mutual, who recently invested $450 million into their downtown space.
Milwaukee also has a lower cost of doing business, especially in comparison to its neighboring 24-hour city, Chicago, which has some of the highest taxes in the country. Several companies have already made the journey north from Chicago to Milwaukee, including Gold Standard Banking (bringing 300 jobs), Vonco Products, and Colbert Packaging.
Milwaukee’s manufacturing employment comprises 14.3% of the labor force, nearly double the national average. As automation continues to improve, the city’s exposure to manufacturing jobs could negatively affect employment. However, based on current population growth, Milwaukee looks solid.
Columbus, Ohio
* $171,000 median home price, #26 ULI rank
Columbus was the most commonly asked about city by people who read my Top States To Invest In Real Estate For The New Decade. Due to positive net migration, specifically college-educated millennials moving to downtown Columbus, Columbus’ population continues to grow handsomely.
Due to the millennial migration, Columbus has a higher than average population of prime workers (employees ages 25-44). The labor market is extremely tight with unemployment below 3.0%.
Unlike other midwest cities, Columbus doesn’t have a large exposure to manufacturing, shielding it from potential job loss due to automation. Alternatively, a large portion of the labor force, 16% of overall employment, is employed by the state government, providing a sturdy backbone and less office rent volatility.
Sector diversity within an economy provides insulation against economic volatility. Other expanding sectors in Columbus include education, healthcare, professional services, and hospitality.
Approximately 7,800 multifamily units are currently under construction, with a majority of projects within the downtown core. Despite the boom in construction, multifamily vacancy remains near record lows at 6.1%. Net absorption (the amount of space that was occupied) was positive. Over 3,000 apartments were occupied from June 2018 – June 2019, rounding out the extremely healthy fundamentals.
Columbus has also had a push of development in the past two years. Over 2.5 million square feet (MSF) of office space delivered, more than the previous ten years combined.
Charleston, South Carolina
* $331,000 median home price, #19 ULI rank
When I first interviewed CrowdStreet about their favorite 18-hour cities, they chose Charleston as #1 due to its downtown vibrancy, and population and job growth. Based on my top states analysis, South Carolina is also my #1 state to buy real state.
Sales volume hit a record high in 2019. 200 office buildings traded for a total of $330 MM, beating a record year in 2018.
Employers such as Boeing and Mercedes-Benz have flocked to Charleston, among many others. Volvo recently expanded into a $1.1B factory that will hire an additional 4,000 employees. As a father of two now, I sure like the new Volvo XC90 SUV.
The Port of Charleston has also been a driving force in expanding job growth, specifically manufacturing jobs. The Port’s deepening of the Charleston Harbor will accommodate increased container volume.
Kansas City, Missouri
* $159,000 median home price, #47 ULI rank,
What’s not to like about Kansas City except that they beat my 49ers in the 2020 Super Bowl.
A surge in downtown activity is driven by higher than average population growth. Population is steadily growing since 2015 due to a lower cost of living and more jobs.
Kansas City’s unemployment rate of 3.1% is lower than the national unemployment rate of 3.6%. None other than Warren Buffet announced that GEICO selected Lenexa, a submarket of Kansas City, as its next service center.
Kansas City offered an economic incentive package to the insurance company in exchange for GEICO adding 500 entry-level jobs to the economy. Incentivizing large corporations like GEICO to move into the market will continue to grow Kansas City’s employment growth.
Biotech research also has a massive presence in Kansas City. The healthcare IT giant, Cerner Corporate, is rapidly expanding with already 900,000 sf of space in the market. After winning a $624MM contract, Cerner will employ more than 16,000 people over the next ten years. Additionally, Children’s Research Institute is expanding their research arm and will soon employ over 3,000 researchers.
Along with biotech research, telecom companies like Sprint Corp. and AT&T occupy over 2MSF of office space. They are major employers of the area. Kansas City has historically been more dependent on large employers like these. Howver, recently the city has had a spike in small business creation, an indicator of positive market health and investor confidence.
Due to Kansas City being centrally located geographically, the industrial sector has room to grow. E-commerce has revolutionized warehousing and other retailers are under pressure to have Amazon-like shipping. The need to have warehouses in centralized areas like Kansas City is crucial to national distributors and supply chain operators.
The Best Cities To Buy Real Estate Are 18-Hour Cities
I’m happy CrowdStreet’s platform is focused on 18-hour cities. I do believe 18-hour cities are the best cities to buy real estate in 2021 and beyond. A strong multi-decade migration trend towards lower cost areas of the country is upon us.
For those of you who currently live in 24-hour cities, the ability to invest in 18-hour cities has never been easier. For those of you who are already living in 18-hour cities, try and buy as much of your piece of America as possible. Capital will flow to where there is the most potential for profit.
To invest in 18-hour cities, check out CrowdStreet, one of the leading real estate marketplaces today. It’s free to sign up and explore.
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