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Memphis # 10 of The 25 Best Cities for Job Seekers Right Now Kristen Bahler
May 01, 2017
The U.S. unemployment rate is at a near-record low -- but some cities have sunnier job prospects than others.
Indeed's latest report ranks the 25 best places for job seekers in the U.S., and wa rm weather cities in states like California and Florida clobber the competition.
The career site looked at the 50 metropolitan areas in the U.S. with the most job postings, and evaluated them on four factors: work/life balance, salary compared to cost of living, job postings (weighted to interest) and job security/advancement.
Miami took the top spot, with three other cities in Florida, Orlando (2), Jacksonville (7), and Tampa (20), also making the cut. Florida is home to hundreds of major employers , like Kraft Foods, Disney, and Cisco, and its metropolitan areas are among the best in the country for work/life balance -- so the state the particularly attractive to job (and sun) seekers, Indeed says.
Overall, more than half of the cities on Indeed's list are in Sun Belt states, and in areas not commonly associated with red-hot job markets. Memphis, Tenn. (10), Las Vegas, Nev. (11) and Phoenix, Ariz. (23) are particular standouts.
Two New England cities--Hartford, Conn. (18) and Providence, RI (21)--also made the list. So did a handful of metro areas that boast large millennial populations -- like Austin, Texas (4), San Francisco, Calif. (12), and Los Angeles, Calif. (15). Notably absent, though, are four millennial meccas that usually top roundups of career-friendly cities.
"People think about cities like New York, Boston, Chicago, and D.C. as the great economic centers of the U.S." Indeed senior Vice President Paul D'Arcy tells MONEY. "While these cities have large economies, they are expensive and growing more slowly than many of the job hot spots in the South and West."
Courtesy of: http://www.msn.com/en-us/money/first-time-home-buyers/top-25-cities-where-you-can-live-large-on-less-than-dollar70k/ar-AAmOukS?ocid=spartanntp
Type your p5 Tips for Buyers in a Tight Housing Market
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WASHINGTON (May 12, 2017) – When inventory is low, home prices tend to go up. Attempting to purchase a house in this type of market can make the already complex process of buying a home even more overwhelming. To help buyers successfully get through the buying process in a tight inventory market with as little stress and difficulty as possible, the National Association of Realtors® has these five suggestions and an infographic: https://www.nar.realtor/infographics/5-tips-for-buying-in-a-tight-market.
1. Determine and stick to a budget. Before beginning the house hunting process, prospective homebuyers should receive preapproval from one or more lenders to verify the amount of money they are qualified to borrow. Then, after taking into account additional costs of ownership such as taxes, utilities and insurance, buyers should determine a final budget they can comfortably afford. When listings are scarce, bidding wars can drive up prices, so buyers must be prepared to walk away if the asking price surpasses their budget.
2. Identify desired neighborhoods and home wants versus needs. When housing inventory is tight, buyers may need to compromise on what they believe they want from a home. Certain wants, such as stainless appliances or hardwood floors, can be added later. However, if a buyer wants to be in a specific school district or have a decent sized backyard, those cannot be addressed later and must be taken into account during the house hunting process.
3. Be ready to make a decision quickly. In a seller’s market, homes rarely stay on the market long, so when a house that is in their budget and checks off all of their needs come along, buyers should not hesitate. Buyers should be ready to submit an offer quickly, or they may risk missing out on the home altogether.
4. Bid competitively and limit contingencies. It is tempting to submit a low offer as a starting bid, but in a seller’s market buyers need to put forward their highest offer from the very beginning or they are likely to lose out on the home. It is also important to remember that in multiple bidding situations it is not always the highest offer that is most attractive to the seller but the one with the fewest contingencies. Removing restrictions related to the sale of a current home and being flexible with things like the move-in date can make a bid stand out to a seller.
5. Work with a Realtor®. All real estate is local, so it is important to work with an agent who is a Realtor®, a member of the National Association of Realtors®, and who is familiar with the areas and neighborhoods the homebuyers are considering. Realtors® are the most trusted resource for real estate information and have unparalleled knowledge of their communities; they can give buyers the competitive advantage needed in a tight market.
For more information on buying a home in a seller’s market, visit NAR’s comprehensive website for homeowners, www.houselogic.com/buy (link is external).
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.aragraph here.