Ever since the infamous financial crisis of 2008, the majority of people have been actively avoiding the real estate industry. And it’s hard not to blame them!
After all, the housing market was one of the main catalysts for the Great Recession in the first place.
But times have changed. Fast-forward a decade and there’s now only a faint scar where the open wound was once visible.
Real estate has recovered from the injury it sustained 10-years ago and seems to be making a comeback that’s stronger than ever, with the addition of 3 MILLION homes.
Results like this present all the more reason for you to engage in the market and pull in real estate riches for the taking.
Even if you’re still iffy on the subject and uncertain about the viability of real estate, I’ve listed the facts to support this claim, but it’s up to you to take it or leave it.
In the midst of the financial crisis, the net housing equity was valued somewhere around $6 trillion. Now, it’s more than doubled, pushing this number close to $15 trillion!
If that’s not a significant boost, then I don’t know what is…
Since the bubble busted back in 2008, housing sales have gradually managed to regain traction and the numbers are there to prove it.
Studies show that new home sales are up 7.4% since the start of 2018. On top of that, housing prices have since bounced up by 5% as well.
Despite this increase, homeownership rates have continually climbed upwards, pouring 3 MILLION additional households into the market.
To make matters even more appealing, this number is expected to grow more, considering homebuilding activity has increased 8% in this year alone.
Even so, you may be asking yourself: “how does this home construction impact me personally?” It’s simple. More homebuilding leads to higher sales of new homes.
As a potential real estate investor, this might as well spell O-P-P-O-R-T-U-N-I-T-Y.
Perhaps you’re interested in giving it a go, but are worried about accumulating property that you’ll be stuck and unable to sell.
In reality, these turnaround rates are moving at the fastest pace in over a generation, with the average amount of time spent on the market sitting somewhere around 26 days!
If you’ve previously contemplated testing the waters of real estate but refrained from doing so because of the events of the 2008 financial crisis, then I encourage you reevaluate and take these facts into consideration.
The housing market is much healthier than it was a decade ago and the profits are much more abundant.
So, what are you waiting for? Claim these real estate riches while their still hot!
Yes
Still looks like a good incentive for investing.