Every year, Forbes releases a list of “fastest-growing cities.” In 2017, six of the top 10 were located in Florida. This type of list can be a great conversation starter, but sometimes investors can be misled into thinking a city on the list is automatically a good place to invest. Understanding how these lists work is the key to using them to pick good real estate investments.
For the Forbes list, analysts use Moody’s Analytics data, data from the Census Bureau, and information from the Bureau of Labor Statistics, the Bureau of Economic Analysis, and Fannie Mae and Freddie Mac to compile a list of “fastest-growing” cities. The term “fastest-growing” does not just mean that they are getting bigger, either.
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