NEW YORK (MainStreet) -- The U.S. economy has been pitching and rolling in turbulent financial waters over the past few years, but one area where indisputable progress is being made is in the residential real estate market.
Case in point - Savills's most recent World Residential Market report notes that, based on a formula of "broad economic and demographic factors," the U.S. is a "clear number one" country for investing in real estate.
Of course, the U.S. is a big country, and success for real estate seekers depends on where they plant their financial flags. "There is a world of difference within the U.S.A. between top tech cities and languishing rustbelt ones," says Yolande Barnes, director of world research at Savills. Savills says technology-rich San Francisco is "among the very best of their selected residential markets."
Following in second place globally is the United Arab Emirates, with Singapore and the United Kingdom close behind.
How can real estate investors, especially newer ones, take advantage of an opportunistic U.S. real estate climate? An insider's knowledge of real estate is a great place to start.
"The first step for real estate investors is to know the market and area and find an experienced professional realtor that knows the market area," says Bruce Ailion, a real estate broker and attorney based in Atlanta, Ga. "Buy the best location, and find the home that is correctly sited on the lot. Stay away from busy streets, commercial structures and nasty externalities."