MARKET & TRENDS
OVERLOOKED MARKETS
Investing Opportunities in Overlooked Markets SOLID RETURNS AWAIT INVESTORS IF THEY CONSIDER LOOKING OUTSIDE THEIR COMFORT ZONE.
By Daren Blomquist
ising mortgage rates and slow- ing home price appreciation
“The news for Salt Lake City for real estate is not the same as Davenport, Iowa,” said Jared Garfield, a real estate investor who has shifted his focus in recent years to smaller markets that have experienced steady and sustainable home price growth rather than
rapid and likely unsustainable home price growth. “Some of the markets that have gone up 25% a year for five years, of course there’s room for a correction,” he said, noting that smaller markets like Davenport are more attractive to him because
R
have compressed returns for real estate investors, but solid returns are still available in often-overlooked markets across the country for investors willing to step outside of their comfort zone.
16 | think realty magazine :: november – december 2023
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