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Realtor.com’s Top Destinations for Home Acquisitions in 2019

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Longtime mattress retail executive Edwin Shoffner is the president of Mattress by Appointment. Beyond mattress sales, Edwin Shoffner is a real estate investor actively involved in home acquisitions.

Longtime mattress retail executive Edwin Shoffner is the president of Mattress by Appointment. Beyond mattress sales, Edwin Shoffner is a real estate investor actively involved in home acquisitions.

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Realtor.com’s Top Destinations for Home Acquisitions in 2019

  1. 1. Realtor.com’s Top Destinations for Home Acquisitions in 2019 EDWIN SHOFFNER
  2. 2. Introduction Longtime mattress retail executive Edwin Shoffner is the president of Mattress by Appointment. Beyond mattress sales, Edwin Shoffner is a real estate investor actively involved in home acquisitions. In early 2019, Realtor.com economists performed research to determine the top housing markets to buy homes in for 2019. The economists looked for markets with strong fundamentals such as job growth, wage growth, booming construction, and highly rated public schools. They also factored in housing demand by Millennials. Here are some of the top 10 markets with their forecast median home prices (FMHP) and forecast price growth (FPG) from 2018 to 2019:
  3. 3. Real Estate -Lakeland, Florida. FMHP is $161,757 and FPG is 7.4 percent -Grand Rapids, Michigan, FMHP is $187,319 and FPG is 8.2 percent -El Paso, Texas. FMHP is $149,643 and FPG is 2.5 percent -Chattanooga, Tennessee. FMHP is $161,595 and FPG is 4.3 percent -Phoenix, Arizona. FMPH is $267,318 and FPG is 5.6 percent -Bridgeport, Connecticut. FMPH is $385,790 and FPG is 4 percent. While some of the cities in the list do have many high-end homes, wage growth in these areas is likely to stabilize affordability.

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