Moderate Price Growth
Although we live in the post-recession time, the housing prices still haven’t stabilized. The good news is that they are bound to stabilize very soon. By soon, we mean in the next couple of years. According to the real estate brokerage firm, Redfin, more than one third of the predict prices will stop increasing in 2017. This is fairly good news for investors and real estate agencies, who prefer planning their business instead of sailing in uncharted waters.
Rent Prices are Expected to Go Up
According to real estate experts, rent cost is going to increase in 2017. The truth is that it renting a home in the United States hasn’t been the best choice for a couple of years now and that trend is going to follow in 2017. It seems that instead of renting, people should turn to buying properties!
Mortgage Rates May Reach Historical Low
With mortgage rates being low, it seems that buying a property is a much better choice than renting it. In fact, mortgage rates are expected to drop even further in 2017, making them equal or even lower than the cost of rent. Because of this, real estate agencies that offer properties for sale are expected to flourish next year.
Investing in Real Estate is the Way to Go
With mortgage rates being low and the property prices at a moderate level, it seems that 2017 will be the perfect year for investing in real estate. The investors have a really good chance to make a lot of money in the long turn. It seems the only thing they need is to wait to bump into a good offer. Alternatively, investors can take the things into their own hands and get in touch with real estate agents through realtors lists, such as the one offered by Realestateagentlist.net.
Putting the Money on Urban Redevelopment
Investors who are looking to make huge profits in 2017 should think about investing in downtown redevelopment. This trend has been ongoing for a past couple of years throughout the United States. The official government buildings in many US cities have been redeveloped and the same should be the case with other downtown buildings.
Investing for the Future
Those who are looking to make money in the long turn should think about buying cheap properties in 2017 and wait several years before selling them. Right now, properties in some US cities like Detroit or Cleveland extremely low. It seems that it seems not investing in them means missing a good business opportunity. The real estate prices in some parts of Florida and New York are also expected to drop in 2017.