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Some housing markets can’t build more. They’ve got mountains, lakes, rivers, and oceans stopping them from spreading out. This is a good thing for real estate investors, as lower supply and steady demand tend to mean higher rents, higher home price appreciation, and more competition among buyers and renters. But where are those top “constrained” housing markets today, and if you buy there, could you see your home price quickly rise?
Austin is back with the latest data on the most “geographically constrained” housing markets in the United States. He’s taken cities with oceans off the list, so this isn’t a “Los Angeles, Boston, Miami” type of video. Instead, we’ve got many landlocked cities that cannot build much more beyond their current scope and could be ripe for investing opportunities.
Do you invest in any of these markets? Would you buy somewhere knowing new builds aren’t an option? Let us know in the comments below!