With interest rates likely to be higher in the coming months, the time to make a move on purchasing another residence is sooner rather than later.
Of all the second-home markets in the U.S. there are some clear winners when it comes to locations that will give you the greatest chance of making a profit, either as a rental income in the near future or for longterm asset appreciation. The data scientists at the real estate lead aggregator SetSchedule analyzed where the activity is and found, surprisingly, not all of the best places are in beach towns (though there’s a number of those, too). Buyers have realized there is significant income to be gained in the short-term rental market (such as Airbnb, a company that has earned $2.7 billion in its first ten years) and so cities near major centers of commerce can also provide a viable investment (plus, they avoid the hassles that come with renting to people having fun on vacation versus those that came to town to get work done).
