Real estate was a business sector that suffered the sharpness and ruthlessness of the economic downturn, but now, it is back to being the hot-seat of economic action and growth. Texas is a central area of real estate growth because of many reasons. It has ample land for sale. Austin has a positive business growth and also the taxes charged there is less. Houston has employment opportunities in terms of energy plants and the ports. El Paso and McAllen withstood the economic crash and still continue to do so. Texas’s lack of ample population to fill up the job space and low tax rates are the key attractions.
Another hot-bed for real estate development is Georgia. It has abundance of beautiful and scenic undeveloped land and property along the coastline makes for good real estate business growth. The residential buildings are charming and attractive. Also, the low cost of living there, especially in Atlanta makes for excellent buyer attraction.
Some other real-estate gurus predicted hot-spots include California, Michigan, Florida and New York.