Well, May 2015 has come and gone and the housing market is still full steam ahead. Home prices continue to rise and there seems to be a frenzy of buyer activity. With this in mind, the people at Realtor.com put together a list of the 20 hottest U.S. real estate markets in May of 2015. Half of the cities listed happen to be in California. Northern California has 7 cities in the top 20 and Real Property Management Select happens to have offices in 2 of these incredibly hot markets.
The Vallejo-Fairfield ranked number 5 on the list of 20 hottest U.S. real estate markets in May of 2015. This market is where Real Property Management Select started out. RPM Select has since grown into one of the largest property management companies in the region. The Vallejo-Fairfield market is not only one of the hottest real estate markets in America, but it is also a hot rental market. Rents in this area haven’t been this high in years and units are moving faster than ever. On most properties we have multiple applications. We actually have more applications than available homes. With such low inventory this seems like a great market for investors to get involved in.
Real Property Management Select (Vallejo-Fairfield Office) is located at 1499 Oliver Road, Suite 2, Fairfield CA 94534.
Real Property Management Select also has an office in the number 12 hottest real estate market in May 2015. Sacramento-Roseville-Arden-Arcade, CA jumped up from number 21 in April to number 12 in May and RPM Select is right in the center of this hotbed of activity. With the Sacramento Office located at 2143 Hurley Way Suite 103, Sacramento CA 95825 we cover the entire Greater Sacramento area including Placer County and Yolo County.
According to Jonathan Smoke, the chief economist at Realtor.com, “Sacramento typically follows strong growth in Silicon Valley and the San Francisco Bay Area, as it is a relatively more affordable alternative. But this market has had strong employment growth above the national average and is seeing strong household growth as a result.”
Investors and homeowners ready to get involved in these emerging hot markets should contact Real Property Management Select for free rental analysis or to get more information about our about our company and the areas we cover.
Read the entire article at realtor.com or here http://www.realtor.com/news/trends/hottest-real-estate-markets-may-2015/