Are Home prices on the rise? Janice Roosevelt Ecobroker, ABR, ePRO- Licensed in PA & DE

By
Real Estate Agent with Rory Burkhart Team, Keller Williams
http://actvra.in/zWx

janice.roosevelt@gmail.com


I received an email announcement today discussing that many analysts think the real estate market - as a whole (remember real estate is local, local, local) has touched down at the bottom.

Per a  forecast by Fiserv, market watchers sees an increase in prices rising nearly 4 percent per year for the next five years. The greatest gains are exptected to be those areas hardest hit, such as  Phoenix and Las Vegas.

Housings rising affordability mixed with falling inventories of for-sale homes are the main factors driving the expected price increases, according to Fiserv.

Initially, investors are expected to help drive most of this price increase, and certainly that is true in my own business right now, where clients are considering the value of real estate as an investment. In our area where short sales and foreclosures have displaced families the corresponding rental market is on the rise.

Owning a rental property can be a particularly good investment right now.

The subsequent drivers of the market uptake will be first-time and trade-up buyers as they re-emerge in bigger numbers to the market.

 

 

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the flag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Groups:
Pennsylvania Realtors
The Ninety-ninth Percentile
Real Estate Good News Group
The Lounge at Active Rain
Realtors®
Tags:
has the market hit bottom
housing prices
janicerooseveltgmailcom

Comments 0 New Comment

Rainmaker
468,836

Janice Roosevelt

OICP ABR, ePRO,Ecobroker
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information