Islamic Bank Loan Tips :The Housing Markets To Watch in 2018January 18, 2018 at 10:16 am
Before you go out and get an Islamic bank loan, it’s a good idea to look at the best markets and how they are shaping up in the new year. While Islamic loans will keep you sharia compliant, you’ll need to keep your eye on other factors like dwindling supply and high demand.
With that said, here’s a few tips on the housing markets to watch in 2018. Trulia is one of the leading experts in the field of real estate. We’ve put together our list from their trustworthy research.
Grand Rapids, Mich
The first location on our list might not be one that you’d expect. However, Grand Rapids scores high on a number of important indicators. Because it has a good ranking for employment, this Michigan location is seen as a good real estate investment.
Adding to that is the fact that the population has a fair share of under 35-year-olds in households. That means Grand Rapids has a younger population. Using your Islamic loans to buy a house there means you’ll be able to resell quickly.
The second place finisher on the list from Trulia is another surprise in Nashville Tennessee. One of the big indicators that makes this sought after location is the fact that over 50% of the people living there own their homes. The population has a high percentage of people who are college educated at 36 percent.
It’s important to keep in mind that the Islamic bank loan you get to buy any property will keep you free from riba. We like you to remember that while these products are sharia compliant, you’ll also need to abide by some Western rules.
For example there are some credit requirements for an Islamic loan. We have put together some information that you can access by clicking this link. We are always interested in helping you get the commercial or residential property you’re looking for.
The number three location on the list is a place that should appeal to Muslims who are looking for an excellent location to buy a property with wonderful weather. Research indicates there has been an increase of $12,000 or 5% in median home prices over the last 12 months.
By that statistic alone, this qualifies as a location to keep your eye on. The price per square foot for a home in Raleigh North Carolina is $139 dollars. A full 66% of the people who live there are homeowners and the median age is 36 years old.
Next three entries on the list of real estate locations to watch for in 2018 are all from Texas. El Paso, San Antonio and Fort Worth take up the fourth, fifth and sixth spots. Even the number seven position goes to a southern location.
Research tells us that getting an Islamic bank loan to buy a house in Austin is a good idea. If you decide to use Islamic loans to buy a home here and sell later on, you’ll get the advantage of the average listing price of almost $600,000 dollars.
Columbus Ohio, Madison Wisconsin and Cincinnati Ohio finish off the list. Ijaracdc.com wants to be your informational resource for an Islamic bank loan and other types of financing. If you’re interested in learning more about our sharia compliant products, why not get in touch with us today?
We have residential, commercial and nonprofit products specifically designed to meet your needs. There is a Fatwa update history on our website and we even supply a free Android/Apple app for your convenience.