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A Housing Boom in These Four Cities Could Boost Real Estate ETFs

Friday, February 21, 2020   /   by Ken Couture

A Housing Boom in These Four Cities Could Boost Real Estate ETFs

Low mortgage rates can help spur more real estate buying activity among prospective homeowners, especially in hot housing markets that are primed for a boom. This could also be a boon for real estate-focused ETFs.


Things are lined up to be a great year. The surprise plunge in rates to start the year has spurred a surge in refinancing activity that wasn’t expected and with unemployment at 50-year lows, there are plenty of would-be home buyers in the market. Both purchase and refinance originations will be strong this year – oftentimes it’s only one or the other.


Four of the real estate markets seeing the largest growth in home sales and searches from out-of-town buyers also have low building costs. All four are located in states with either low – or no – state income taxes, from Washington to North Carolina and Florida.


Here are the four cities that Fox Business tagged as prime for a housing boom:



  1. Spokane, Washington: The median price of an existing home is $255,000, or $350,000 for a new home.

  2. Las Vegas, Nevada: The median home price of an existing home is $285,000, and the median price of a new home is $388,000.

  3. Charlotte, North Carolina: The median price of an existing home is $248,000, and the median price of a new home is $325,000.

  4. Orlando, Florida: The median sale price of an existing home is $250,000, and a new home costs about $316,000.


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