Real Estate Agents: These Will Be the Best States To Buy Property in 2024

If you are looking to buy property next year, you will want to start looking now.

The housing market has been up and down across the country. The fickleness is partly due to steadily high mortgage rates and low inventory. Homebuyers in 2024 will need to be more informed than ever. They will not only want to know overall trends but also local markets, which may differ greatly from national ones. 

GOBankingRates asked real estate agents nationwide which states will be best to buy property in next year. Here are the states where they would invest.

Texas

The Lone Star State stood out for two of the real estate agents we talked to, with a pair of bustling cities leading the way.

“As I have seen, the best states to buy property in 2024 will most likely be those with strong job growth and a promising economy,” said John Peña, a real estate agent and CEO of Peña El Paso Realty Group. “One state that is often at the top of the list for real estate investment is Texas. With a thriving job market and no state income tax, it’s no surprise that many people are flocking to cities like Austin and Dallas.”

Eli Pasternak, a licensed Florida realtor and owner of Liberty House Buying Group, concurred: “Texas continues to experience population growth, driven by job opportunities and a business-friendly environment. Cities like Austin and Dallas are thriving, making it an attractive state for real estate investment.”

Florida

Peña also noted East Coast states that may be worth a look.

“You can also see strong growth potential in states like Florida and North Carolina, thanks to their rapidly growing populations and diverse economies,” he said. “These states offer a variety of real estate options, from high-end beachfront properties to affordable housing in up-and-coming neighborhoods.”

North Carolina

Pasternak agreed that North Carolina’s mix of urban growth, beachy bliss and other factors put it high on his list.

“With a growing economy and attractive quality of life, North Carolina is gaining attention,” Pasternak said. “Areas like Raleigh and Charlotte are experiencing urban development, making them potential areas for property investment.”

Colorado

Brett Johnson, owner of New Era Home Buyers and a licensed Colorado real estate agent, said, “The state’s growth is underpinned by a diverse economy, encompassing thriving industries like technology and renewable energy, which not only attract skilled professionals but also drive demand for housing. Colorado’s commitment to sustainable living and its captivating landscapes further elevate its allure in the real estate market.”

He continued, “For newcomers eyeing Colorado, my advice is to delve into thorough market research. Understanding the nuances of different regions, from the urban vibrancy of Denver to the tranquility of mountain communities, is key. Building relationships with local professionals and exploring niche markets can unveil hidden gems…