In 2019, most real estate investors will want to stay away from the cities with soaring prices, where they’re more likely to end up holding the bag than to strike it rich, this is according to Local Market Monitor’s Ingo Winzer in a recent essay on Forbes.com. If the name sounds familiar, each month we hear from Winzer in his National Economic Outlook where he shares his thoughts on developments taking place in the U.S. economy.
“You can never know when a real estate bubble will burst – I happen to think it won’t happen in 2019 – but in places like San Francisco, Seattle, Miami and Denver, caution is now the order of the day. If you own property in these spots and plan to sell, don’t wait until the market has peaked. And if you’re looking for a good place to put your money, you should consider instead the 20 markets I’m listing here.”