New Year’s Resolutions – Investing in Real Estate
Posted: December 29, 2021 by Michelle Berry
If you’ve considered diving into the world of real estate investments, now may be the perfect time to start. It appears that it’s going to be another competitive year for homebuyers in 2022. It looks like prices may continue to rise. Now may be the best time to get in before interest rates rise. Low interest rates can be an attractive incentive. Today, interest rates are below 5%, investor qualifications are still very favorable, and cash flow can still be found in outlying areas. Rising home values over the next 12 months will be driven by a slowdown in inventory growth and an increase in for-purchase mortgage activity. As a result, longer-term home value appreciation should be greater than previously anticipated. The continued upswing in home prices makes buying in sooner rather than later more attractive.
COVID will create a unique but brief opportunity for your clients to invest in new markets and purchase underpriced real estate this year. Now is the time to sharpen your real estate knowledge, skills, and prepare yourself and your clients for the real estate opportunities that no doubt lie ahead.