Real Estate Market Trends

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The Next Boomtowns

You may be living in the next boomtown.

REALTOR.com® put out a list of soon-to-be-hot metro areas—potentially tomorrow’s Seattles and Austins. 

Depending on your point of view, you may want to celebrate or brace yourself for an influx of new residents and escalating home prices. 

Among the things the cities have in common are millennial friendliness, job growth in the tech sector, a proximity to a bigger city and, affordability. At least for now. 

The top 10 small-to-medium cities expected to grow are: 

1.     Salisbury, Md.

2.     Lafayette, La.

3.     Myrtle Beach, S.C.

4.     Gulfport, Miss.

5.     Winston-Salem, N.C.

6.     Grand Rapids, Mich.

7.     Knoxville, Tenn.

8.     Daytona Beach,

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Before you begin your search to lease a property (home, apartment, duplex, townhome, or condominium) keep in mind the qualifying process.  There is not a fixed standard guideline that all landlords and rental companies use to determine qualification.  Some will require that proof of identification be submitted with a rental application, such as a government photo identification (driver license) and allow it to be photocopied.  Some of the other common factors used for qualifying are:

  • Rental History – Landlord will be checking past and current rental history for late payment, non-payment, evictions, drug use, poor housekeeping, unruly/destructive or violent behavior by applicant or applicant’s guests.
  • Credit -- Know your credit rating.  Your
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