Reventure Videos

Denver Real Estate: Where to Buy

Denver Home Values increased by 96% over the last decade. That’s right – they’ve nearly doubled!

Real estate values have gone up by so much that the average home value now sits at almost $500k across the Denver metro area. That’s the 9th most expensive in the US.

The neighborhoods that have experienced the most growth, along with their associated ZIP codes, are: Aurora (80011) Sheridan (80219) Lakewood (80214) Westminster (80030) Thornwood (80260) Why did these areas grow so much? Well, they all happen to be well-located suburbs within striking distance of Downtown Denver.

But the other trait they share is that they’re relatively affordable compared to the rest of metro. As Denver becomes less affordable overall, it will become more difficult to sustain the same appreciation rates into the future.

But one trend to keep an eye out for is the rate of new housing permitting. It has gone down for four straight years just as the metro is adding a record amount of households and jobs. The lack of new permitting could create a further housing shortage that would push values up further.

Austin: The Top Growth Market

Put simply – Austin is the best city for growth in the United States.

It has increased its metro-area population by an astounding 500k over the last decade. That equates to 50k people per year and 150 people per day.

Austin is also experiencing significant growth in the income of its population. Back in 2009, the average middle-class household earned $56k. Fast forward to 2019 and they’re earning $81k. A $25k increase in a mere 10 years/

No other metro in the US combines Austin’s levels of population and income growth. This is, of course, a great thing for real estate. The more people that need housing and the more money they have to spend on housing, the more values will go up.

But a funny thing has happened to Austin’s real estate market in recent years. Over the first half of the last decade – from 2010 to 2015 – Austin’s home value growth nearly tripled the US average. But over the last five years – from 2015 to 2020 – Austin’s home value growth is below average!

Why? Because Austin is very good at permitting new housing supply. In fact, no other metro permits more new housing units. The abundance of supply is great for keeping things relatively affordable. However, it’s not so great for long-term price appreciation.

But that’s okay – one of the things that makes Austin great is its relative affordability compared to all the great things it offers. Sustaining that affordability will lead to continued dynamic growth into the future.

The All-Star Markets

Only five real estate markets have achieved over 5% rent growth AND 8% home value growth over the last 12 months.

These markets, despite the headwinds of the pandemic and recession, are still returning strong returns to real estate owners.

Their names? Phoenix, Tucson, Memphis, Spokane, and Syracuse.

These markets share two key traits: 1) they’re affordable and 2) there is minimal new supply being built. The combination of these factors paves the way for rent and value growth.

Real estate investors should take note of these trends.

Which Markets are Potential Real Estate Bubbles?

Home values in the US have grown by over 70% in the last eight years, with many now asking: “Are we entering another real estate bubble”?

The answer to that question depends on what market you’re talking about.

Some markets are showing the characteristics of a Bubble. Over the last 10 years, real estate values in these markets have climbed faster than fundamentals like income and population growth. Those looking to buy homes or invest in real estate should tread cautiously in places like Las Vegas, Denver, Dallas, and Detroit.

Meanwhile, other markets – such as Raleigh, Jacksonville, Seattle, and Columbus – present much stronger investment fundamentals relative to real estate values.

Please leave a like, comment, or subscribe! And please let me know if there any real estate topics or markets you would like explored in future videos!

Austin Real Estate: The Best Places to Invest

Austin’s real estate market is one of the hottest in the country, with values increasing by over 70% over the last 10 years.

Despite this growth, Austin’s average home value of $357k is still fairly reasonable compared to other cities with similar characteristics.

The best places to buy in Austin have been towards the center of the city along the I-35 corridor. Nine ZIP codes across the metro have more than doubled in value since 2010. Hot neighborhoods include the area around the Domain, the Mueller District, and East Austin.

But what ZIP codes will lead the way in growth over the next 10 years? While it’s tough to say for sure, we have some reasonable guesses. Watch the video to find out more!

NYC Real Estate Crash: What neighborhoods have been hit hardest?

New York City’s real estate market is the worst-performing in the country over the last year. Manhattan has been hit particularly hard, with a 4.0% average price decline from one year earlier.

However, big differences persist across real estate markets throughout the city. The Bronx has actually seen home values grow by nearly 4%, while nearby regions in New Jersey and Long Island have experienced similar growth.

The hardest-hit areas of Manhattan are the following neighborhoods: Hudson Yards, Herald Square, Chelsea, and the East Village. These areas have experienced massive 10-15% price declines. Areas of the Upper East Side, Harlem, and Washington Heights have also been badly impacted.

The best performing neighborhood is the Upper East Side, which has three zip codes showing over 5%+ growth.

California: Why is Real Estate so Expensive?

Home Prices in California are over 3x higher than the US average. And 30% higher than the 2nd most expensive state.

The average home value in San Francisco is the highest in the country at nearly $1.4 million. Why is California’s real estate so expensive?

Simple supply and demand. With great weather, a massive tech scene, and strong economic growth, lots of people want to live in California. Yet the state does a very poor job of building new housing to accommodate these people.

The result is sky-rocketing real estate prices as more and more people try to squeeze into the same housing stock that has existed for decades.

Governor Gavin Newsom has pledged to deliver 3.5 million new housing units by 2025, however, the state is starting off the decade 84% behind their annual target.

Columbus, OH: Picking the Best Neighborhoods for Real Estate Investment

Reventure Consulting analyzes the best neighborhoods for real estate investment and appreciation in Columbus, Ohio.

Columbus is one of the fastest-growing cities in the country. Spurred by the presence of Ohio State University, a growing tech scene, as well as numerous corporate relocations, the Columbus metro area is adding thousands of new jobs each year. This is great for local real estate values!

But where should a real estate investor start looking in Columbus? Today we walk you through Reventure’s filtering methodology and point out the neighborhoods that present the best investment growth potential.

The variables we consider today include average household income, millennial share, growth momentum, and affordability.

COVID Clarity: Does Population Density Matter?

Does living in a high population density area increase your risk of dying from COVID?

Data from over 1,000 counties across the US tell a mixed story.

In the case of New York City, population density clearly played a role in leading to uncontrolled virus spread and mass COVID casualties. However, San Francisco illustrates how high population density areas don’t necessarily need to experience high COVID deaths.

Moreover, plenty of low population density areas across Texas, New Mexico, and Arizona have been severely impacted.

Future videos will explore other factors that likely play a significant role in the COVID risk of a particular area.

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