With the sheer quantity of small towns across the country, it can be difficult to know where to look. One approach is to talk to real estate experts who may have local insights or at least general knowledge that can potentially foreshadow price movements in certain areas. “Some of the hot markets are too hot, and so you can’t get the return you want, even though you’ve seen values go up, unless you caught that streaming star early and rode with it,” said Phelps.
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