With gross domestic product (GDP) increasing 2.3 percent last year, many metropolitan areas across the country are experiencing big gains in industry and business — will real estate get a boost in those cities? It’s quite possible, taking a look at Howmuch.net’s latest graphics on how the economy is faring in many markets.
- House prices do tend to rise in areas experiencing industry expansion, and higher competition could mean fewer days for homes to sit on the market.
- Of the top metro areas, New York has the highest GDP in the country, followed by Los Angeles and Chicago.
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