Archive for January, 2011

January 14th, 2011

2011: A Good Year for Real Estate Investing

Will 2011 be A Good Year for Real Estate Investing

If so, you better act fast.

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Many financial and real estate experts have made confident forecasts that the year ahead will be a welcome sunshine break from the cloudy economic slump that affected numerous industries and markets, including real estate investing. Spurred on by the consistent recovery of the ailing economy, although slowly, and the noticed increase in household spending towards the later months of the previous year, real estate authorities believe that home prices that have reached the bottom will experience some growth or at the least, stay steady. I believe that prices on a national level will continue to fall some but will bottom out this year, making this year the year to strike. Real-Estate in Savannah GA have maintained better that the national averages even though foreclosures are at an all time high in Savannah with close to 300 homes up for foreclosure next month.

The previous year has shown that the Real Estate Investing business has shown some stability and this year would be no different, in fact, even better. National financial trends indicate the positive developments and the slow and gradual upturn will result to the increase in property prices.

Lawrence Yun, the Chief Economist for the National Association of Realtors, said that based on the indicators of the past year, the association predicts that there will be a rise in the average home prices by at least .6 percent and an increase of 8 percent in purchased homes.

This may not sound good enough for some speculators, but as the economy steadily climbs, and the unemployment issues are settled, you will see better incomes, lower numbers of persons with bad credit, and more people qualifying for home financing, this figures could go up and surprise many real estate investors. In November last year, pending home sales rose by almost 4 percent, this shows that people are now more confident to make large scale purchases.

Economists also expect the opening of new jobs, as much as 2 million in fact, and with this come the flow of a steady income which financial institutions and lenders may use as a sign of more creditworthy home buyers, allowing them to loosen their purse strings, and hopefully reduce, or maintain existing mortgage rates.

This will be good for your Real Estate Investing business.

Reports from the retail industry last December showed that sales were significantly higher than the previous year. People are now having more to spend, and in time, those that have lost their homes to foreclosure, or due to other financial constraints, will be able to save up enough money, build their credits, and be able to afford to buy homes.

When that happens, real estate prices will go up and those that have invested early on will be able to see great returns for their investments. Others may not feel it now, but as more people rush in to buy homes, the demand will be able to justify an increase in the market, and those that have been able to invest in homes will be able to have a wide profit margin.

Joe Davis, a home building company executive, said that many buyers have been waiting just for this moment, when they can afford to make real estate purchases, and with pent up eagerness and desire to buy a home, this can unleash a flurry of home buying transactions while interest ratse are at an all time low. Real Estate Investor and national trainer John Burley, who also has consulted and partnered with Robert Kiyosaki on real estate transactions calls this the ‘Perfect Storm’ when prices are low, interest rates are low, and the supply is high. If you don’t think this is the time to buy as much real estate as you can get your hands on then I would challenge you to describe a better condition to do so.

To learn how to get started Real Estate Investing or to learn from Moguls in Real Estate like John Burley visit here

-Aislee

www.aislee.com

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