Hot Real Estate Markets for Gay Buyers

The summer travel season often inspires LGBT vacationers to consider investing in a second home — or picking up stakes and moving to a new place they may have enjoyed during weekend jaunts. But in 2011 the opportunities to make a smart, lucrative real estate investment are more attractive than they have been in many years. That’s because of a combination of cheap mortgage rates, highly affordable housing prices, and the strong potential for upward momentum.

Washington, D.C.: While Congress may have difficulty providing unified leadership, the nation’s capital is leading the way in terms of its job market and real estate economy. The unemployment rate is about half the national average and continues to shrink, and Washington is the only city within the Case-Shiller 20-City Index to chalk up significant house price gains over the past year.

Florida’s West Coast: In the wake of the BP oil catastrophe real estate values along Florida’s Gulf coast took a huge hit. But they had already suffered a severe decline thanks to the subprime mortgage crisis of 2008, which took a powerful toll on the entire Sunshine State. Florida was one of the states that led the nation in terms of its extraordinarily high volume of foreclosures, and even the priciest markets like South Beach got hammered back down to earth.

Boston, Massachusetts: For those who want to enjoy beaches without sacrificing proximity to major northern cities, Boston is hard to beat. Hop on an Amtrak to take a summertime bite of the Big Apple. Or drive eastward out of the city and cross Boston’s threshold to have full access to Cape Cod. For a total getaway take a ferry across to Nantucket Island. The tiny village 40 miles off Cape Cod is one of the most charming and naturally pristine vacation destinations in the world.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

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