Marshall Reddick Real Estate Network

The housing market works as a cyclical cycle that peaks and bottoms over the years. After several decades of increasing home values, we have now reached the bottom of the cycle. Many homes have lost half the value of what they were just a few years ago. The current housing market has become an opportunity for many buyers and investors. This trend will not last forever. 

There are many signs that suggest that now is the right time to buy. The ratio of home prices has dropped to 20.9% according to Moody’s analytics. Mortgage rates have fallen to a 50 year low. Homes are now more affordable then they have been in recent years. This situation however will not last long.

Shroud investors are picking up rental homes in huge numbers.  The reasons are because of their low prices, historically low interest rates and  incredibly good rental markets.  Never have we seen these all together—it really is “An Incredibly Perfect Storm”

According to Metrostudy, there are only 78,000 homes that are currently available or are under construction presently.  That is only one fourth the properties available during the 2006 peak of housing availability and sales.

“FINALLY! After years of plummeting home prices, the market is showing signs of a turnaround.”

Whether an investor has a degree or not, there are certain characteristics that top real estate investors commonly possess.

While sales slowed in June from what they had been in previous months, because of the expiration of the $8,000 federal tax credit for first-time homebuyers and trade-up buyers, prices actually have risen in nearly every state.