The real estate boom we are currently experiencing is predicted to continue for longer than the average person is predicting, this is simply because it will take a very long time for the supply (availability) of properties to increase.
Property prices are going up, and even though, right now, the low record low mortgage rates are allowing people to afford a new home, eventually the mortgage rates will have a correction, but the property prices will not.
What does this mean? Eventually, buying a home will be too expensive for young families and young professionals hoping to be first time homeowners. Real estate professionals (www.aminvali.com) and Investors (Amin Vali Real Estate Investment) are all predicting that the country will turn into a renter nation. Meaning, buying a home may no longer be part of the life plan for people professionals with growing families. It may no longer be part of the American dream.
This may be unsettling for the country as a whole, however, there is always a silver lining. This is not especially great for those hoping to buy a home for their life and family, however, it is a strong indication that investing in rental properties will see a huge uptick. This is great news for current and future rental property investors.
Investors are anxious to get their hands-on rental properties because of the eventual increase in demand from renters. This is one more reason for those of us who are interested in investing to finally take the plunge.
Do you have more questions about what this all means? Reach out to Amin Vali of Amin Vali Consulting Group to get some answers.
Civil Engineer, MBA, Real Estate Agent
Amin Vali Real Estate Inc.
Persian Realtor,Persian Real Estate,
Cell phone: +1 (949)220-1000
Phone : +1(310)300-0011
Web : http://www.aminvali.com
E-mail : email@example.com
Realtor in Zutila Inc.