Is Grand Rapids Michigan Hitting the Market Peak for Real Estate?
Not just yet, now is the time to participate in this market
During the last financial and housing crisis that hit Michigan hard (harder than most other states), Grand Rapids stood as a beacon. While other areas of the state, especially those on the east side of the state, saw housing costs plummit and residents move out in record number, Grand Rapids increased in popularity as it brought in new jobs, including a number of high profile medical manufacturers and service providers into the downtown community. While metro Grand Rapids brought in new residents and employment opportunities during the economic crisis a decade ago, the city continues to expand. In many ways, it is only now hitting its stride. It is true that while other cities not just in Michigan, but around the country have started to level off, Grand Rapids continues to clime. So if you're looking to move into the community, invest in a rental property, or buy a new home, now is the time to do so.
Top Real Estate In the Region
According to research conducted by Trulia , Grand Rapids is one of the top housing markets to keep an eye on throughout 2019. In fact, not only is Grand Rapids the only city in the state to be given this recognition, but the next nearest city is Columbia, South Carolina and Oklahoma City. Nearly all of the other housing markets are located in the Southwest, where populations are climbing at overwhelming rates (with cities such as El Paso, Phoenix, and Fresno looking to explode in population). In fact, out of the top 10 destinations, Grand Rapids is second, behind only Colorado Springs as one of the top housing markets to watch.
So what makes Grand Rapids one of the top 10 real estate destinations in the coming year? First, job growth continues, so there is a robust local economy that continues to bring in high-paying professionals, many of whom are young and in the beginning stages of their family life. Second, there are affordable starting homes and the current housing supply does not exceed demand.
A Growing Community
For those who have lived in metro Grand Rapids, they know the overall quality of life presented here. There is a big city feel and yet, at the same time, a locally-knit community. Whether you're looking to join the community or move into a new house to support your growing family, you'll need the right Grand Rapids realtor to help.
Grand Rapids remains one of the top destinations to raise a young family in the entire country. From the quality of the local school systems to the number of available, good-paying jobs, few other destinations in the country can compete with Grand Rapids. So if you're currently on the market, or are at the very least considering a new home, let The Sprich Group help you with your home search As someone who lives and works in the community, Tom Sprich has a deep connection with the area and is enthusiastic about sharing his knowledge and passion for this thriving community with his clients.
