Investors swarmed in the most distressed markets, spreading their cash like fertilizer and pushing home prices up faster than most expected. In less distressed markets, first-time buyers were still hampered, as they swing to and fro from loose lending to tight credit.
Now, as the spring season brings more listings to the national market. Some markets, like San Francisco, will be costly, while others, like Philadelphia, could offer easier entry to home ownership.
The cycle of interest rates
Now, as the spring season brings more listings to the national market. Some markets, like San Francisco, will be costly, while others, like Philadelphia, could offer easier entry to home ownership.
The cycle of interest rates
First-time home buyers were put at a disadvantage against all-cash buyers, but with interest rates still staying low, with the marketplaces having risen fairly decently, you're seeing the opportunity where it's less of an investment for investors but a good opportunity for first-time home buyers," said Steve Berkowitz, CEO of Move Inc. operator of Realtor.com on a online portal.
Houses are about to get really, really smart
Renting over Purchase
The national vacancy rate for apartments decreased from 8 percent to 4.1 percent from 2009 to 2013, At the same time, the average price of an existing U.S. House has risen about 14 percent, according to commercial real estate data provided by Reis Inc. to a newspaper report. People are discouraged to invest in Houses as a effect of housing market disaster of 2007. A burden of foreclosures forced many people to move out of their homes and into apartment leases. On the other side, construction of apartments was uphold until the last few years because many builders couldn't get loans during the credit crisis.In certain places, this led to lease and a rise in rents. This was seen as opportunity for the landlords to increase rents in many markets.
Top contenders for investment
Investors are looking for a certain level of return. Commercial real estate news clarifies that Pittsburgh,Tampa-St. Petersburg, Clearwater, FL,Philadelphia, Dallas, Phoenix, Orlando etc are top contentors for efficient first time real estate investments.
Texas metro markets also ranked high for first-time buyers, even though those markets are very hot right now, and home prices are rising at a faster pace than the national average. The positives for markets like Houston and Dallas are that there is strong employment growth and plenty of buildable land. New construction would be an opportunity for first-time buyers, whereas the premium would be much higher in states like California, where there is little space to increase supply.
Renting over Purchase
The national vacancy rate for apartments decreased from 8 percent to 4.1 percent from 2009 to 2013, At the same time, the average price of an existing U.S. House has risen about 14 percent, according to commercial real estate data provided by Reis Inc. to a newspaper report. People are discouraged to invest in Houses as a effect of housing market disaster of 2007. A burden of foreclosures forced many people to move out of their homes and into apartment leases. On the other side, construction of apartments was uphold until the last few years because many builders couldn't get loans during the credit crisis.In certain places, this led to lease and a rise in rents. This was seen as opportunity for the landlords to increase rents in many markets.
Top contenders for investment
Investors are looking for a certain level of return. Commercial real estate news clarifies that Pittsburgh,Tampa-St. Petersburg, Clearwater, FL,Philadelphia, Dallas, Phoenix, Orlando etc are top contentors for efficient first time real estate investments.
Texas metro markets also ranked high for first-time buyers, even though those markets are very hot right now, and home prices are rising at a faster pace than the national average. The positives for markets like Houston and Dallas are that there is strong employment growth and plenty of buildable land. New construction would be an opportunity for first-time buyers, whereas the premium would be much higher in states like California, where there is little space to increase supply.
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