Despite what you may hear, the housing news is not entirely negative. In fact, with all the negative media you sometimes see regarding real estate and the “real estate crunch,” it’s sometimes hard for novice investors (and even some advanced ones) to know what to listen for and what to discard. I say pay attention to what you get paid and leave the rest of the negative media to the Chicken Littles of the world who won’t learn to calculate and take measured risks…and therefore will never achieve anything anyway. in investing or otherwise.
As much as professionals in the real estate and mortgage industry, as well as professional investors, insist that there is no such thing as a “real estate market” and that it is all about localized investing, people continue to believe sensationalist media claims over and over again. again that the “market is down” or that the “market is bankrupt,” despite evidence to the contrary in cities across the United States.
Despite median prices declining and appreciating at a slower rate across the country, even when people who don’t know what they’re talking about are still talking about it (ie, talking about bankruptcy), there are numerous cities in the country where home values are still rising apace.
This is almost always the case. This is how market cycles work. Seasoned investors know this and use this knowledge to their advantage.
Again, real estate is LOCAL.
Visit the federal website http://www.ofheo.gov to find cities bucking the recent national trend.
Home appreciation in some of these locations during the fourth quarter of last year far exceeded the national average, according to the Office of Federal Housing Enterprise Oversight (OFHEO) calculates appreciation based on repeat sales or refinances. single-family properties).
In fact, in some markets, appreciation reached double digits even in today’s market.
The growth of these cities despite a “national recession”… why?
In part due to the influx of Californians moving away and people opting out of depressed Las Vegas or Phoenix (cities that rose dramatically in value during the boom of the past few years before contracting), these trends have created smaller booms in these cities. There are other reasons, but this should get you thinking and on your way to a quick start to making money!
While some are concerned that a new group of cities could face a boom-bust transition, they clearly don’t understand how housing market cycles work, or how a professional real estate investor can use these trends to minimize risk and maximize construction. wealth
Therefore, do not pay attention to excessively negative media attention on real estate or “busts”, or negative housing news. Instead, do what professional investors do and put your energy to work finding where and how to invest for maximum profit and income. Trust me, a lot of people are making a lot of money. Check out OFHEO to quickly start making money when you see where your investment dollars will go the furthest TODAY.