Welcome Back Investors
Well it’s been a quite a while since the market has allowed investors to get back in the real estate game, but it’s finally here. With the stock market continuing to tank and retirement accounts shrinking the average person is looking for something to grasp on to, to have some hope in being able to retire before they have one foot in the ground.
We are seeing professional investors getting back into the real estate market in droves. They are focusing on multi unit properties as well as single family homes. The average person looking for some security is also looking into real estate again as a long term investment value. There are a few things driving this resurgence: low interest rates, Fannie Mae allowing up to 10 properties, short sales and foreclosures depressing the price, more people needing to rent due to the economy. It’s like the perfect storm for anyone looking for a long term investment with a positive cash flow.
Here in the Arizona market we have finally seen the bottom of the housing market. Most areas have been stable for the past few months and with the government action to keep people in their homes, the foreclosure issue should clean up in the next year or so. Once the foreclosure market is reduced substantially we will begin to see the property values start to increase.