The Real Estate Trend 2013
Restored from the Empower Network archive (2011–2017), lightly edited to meet our current advertising standards. Views are the original author’s.
So, you hear that the Real Estate market in the United States has dipped the bottom in 2012 and now on its way up, slowly, but surely.
Especially in the high end housing markets, like San Francisco, where the median cost of a single-family dwelling has jumped 37 percent (It’s now more than triple the national figure.), even if in the US as a whole, the market is down, there is no need for buyers to panic, in places like New York and San Francisco, and other small handful big cities may still experience the dramatic downturn, but in the long run, these markets are still trending upward, that if you are willing to keep and hold your properties, it is a great strategy.
The rest of the US though, if you know where to look for, are tons of opportunities for you to work out your deals and be profitable, provided you know the numbers and trends in those “pockets”.
(source: google)
In 2013, the Bank homes supply will decrease, as National best seller and renowned investor Robert Kiyosaki predicted. Limited housing supply and new land and buildings are a huge factor for the upward price of home buying, but equally important is the income gap between the poor/Middle class and the rich is widening still. This phenomenon is now mirroring in the Real Estate trend, and is jacking up the housing price as the rich is taking over more land and homes, thus lead to the increasing of Renters from poor and middle classes, and again, as Robert Kiyosaki predicted that the Rent $ in 2013 will increase about 5%. Which is reasonable.
On the opposite end of the spectrum are places like Las Vegas, which, despite the huge run-up in prices in majority of the United States, is adding more than 30,000 new homesa year, and where the growth in wealthy households slowed. This increase of middle class population lead to the developers and investors looking into the multifamily apartment complex to cashing in.
Not mentioning that the ‘big guys’ with the hedge funds is charging in….
For smaller, individual investors, though, if you can find that little pockets of desired neighborhood in your own city, (yes, there is at least one for every city!). You can still ride the market up, provided that you outsmart these big guys and work with other local investors.
Happy digging,
Tessandjoon