Where is the Housing Market Still Booming and How?

Many people are concerned about the housing market in general, with the recent fluctuations, bubbles, and rampant foreclosures across the country. If you are one such concerned person, you may be looking for areas of the housing market that are still stable, even flourishing. In this brief article, we’ll take a look at what is causing this recent boom in certain areas of the market, as well as what these areas are and where you can find them.

Quite possibly the part of the housing market that actually benefited from this financial crisis and housing bubble is the college off-campus housing market. Off-campus housing is great for students that can’t afford to live in dorms, and need to scrimp and save to be able to go to college at all. Why, you ask? Due to the recent financial turbulence throughout the country, many people have been going back to school to finish their education, especially those that realized they were in financial trouble if they didn’t. So now, more than ever, there are lots and lots of low-income students attending colleges across the country, so anywhere you find colleges, you find flourishing off-campus housing.

Another housing market that is managing to stay afloat fairly easily is that in ethnic districts of large cities, such as Chinatown in San Francisco. Many immigrants have been flowing in to take advantage of American housing that is now cheaper than ever. Urban housing has seen a drastic drop in price nationwide, but districts like Chinatown have been hit significantly less hard due to the increased number of renters and buyers. Unfortunately, this increased immigration has lent support to complaints about immigrants taking work away from American citizens, especially now that jobs are being lost across the country.

There are plenty of other pockets of real estate that are springing to life, as there is always some sort of silver lining. It can be hard to gauge how some places do so well while others a few streets down do so poorly, but there are certain generalizations that work. Learning to keep an eye on certain types of property, rather than necessarily certain areas of property, can help you make predictions about what will and will not be stable in the event of economic disaster. Learning to differentiate between these types of properties will soon prove to be a useful skill for the potentially hard times ahead.