In March, Forbes released an article on five trends impacting real estate in 2019. The article mentions changes in interest rates, the rise of millennial homebuyers, and the relative stagnation of housing affordability in many metro areas as factors.

You may have heard about all these trends, but have you heard of the concept of a Secondary City? These are smaller economic centers (think: Dallas and Austin) that often receive more investment from corporations and homeowners as both become priced out of owning property or businesses in larger cities.

According to Forbes, the rise of Secondary Cities will also influence real estate decisions this year: “High prices in first-tier cities are forcing many homebuyers and investors to consider second-tier cities in search of better value. This trend is likely to continue through 2020.”

Several Secondary Cities, including Austin, made the list of Forbes’ fastest-growing cities in the U.S. Curious if your city makes the cut? Check out the full roster here.

Are you ready to buy or sell a home?

Find your local Purplebricks agent here.

Call us with any questions you may have.

Book a free, no-obligation consultation with a local Purplebricks agent.

For more real estate advice, market trend coverage and home design talk, check out our blog.

Sent with ❤ from Purplebricks
Download the app:

400 Spectrum Center Dr, Suite 360
Irvine, CA 92618

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

Purplebricks is a licensed real estate broker in California DRE #02036366, New York, Connecticut, Nevada, Arizona, New Jersey and Florida. Purplebricks, Inc. pledges to support the Fair Housing Act and adhere to Equal Housing Opportunity laws.

© 2014-2019 Purplebricks, Inc. | All Rights Reserved.