There are several reasons why real estate could once again be considered a good investment, in my opinion. My main theory is that most all other asset classes have rebounded from the "Great Recession"-- except the residential real estate market.
We have seen the stock market double off its recent lows, precious metals (i.e., gold) has spiked, the oil market was recently a political issues as prices rose and the US treasury market has been a safe haven for investors. Can real estate make a come back like some of the other asset classes?
With mortgage rates at historic lows, housing affordability levels reaching a favorable inflection point and an influx of investors snapping up inventory leads me to think the real estate market is poised for positive momentum.
The increase in rents due to increased demand will spur some renters who can afford it to become homebuyers and it will also continue to entice investors, in my view. As mortgage rates rise (it is inevitable), I think those on the "fence" about buying a home will come into the market quickly to take advantage of rates while still favorable.
It is still a "buyer's" market and those who are thinking of buying a home now should take advantage of the low mortgage rates and favorable market conditions, in my view.
As a local Realtor, I am aware of the trends in the US market as well as in many of the communities in which I specialize. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
http://MYsouthFLrealestate.com
Referrals are appreciated and welcomed.
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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