Americans Still Prefer Real Estate Investment

 
 

According to a new Gallup poll, one-third of Americans say that real estate is the best long-term investment, surpassing stocks, mutual funds, gold, savings accounts, CDs, and bonds.

For the fourth year in a row, real estate still reigns.

After the housing market crash, less than one-quarter of those surveyed believed that real estate was a good investment. Consumer confidence and an improved housing market have improved these numbers since their all time lows in 2011.

It's also interesting to note that perceptions of the positives associated with real estate investment are also influenced by geography. 46 percent of consumers in the western region of the U.S. are more likely to consider investing in real estate as the best long-term investment. The reason for this is that housing prices rebounded the most in the West since the crash.

Additionally, lower income households do not view real estate as the best long-term investment for financial security; they prefer traditional sources like savings accounts and CDs. Typically, the higher the household income, the more favorable view of real estate investment.

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Tech the Key to New Real Estate Investors

 
 

In a recent article from Entrepreneur, technology was touted as the go-to method of recruiting new real estate investors.

So, what are these technological advancements that will bring new real estate investors to the marketplace?

According to Entrepreneur, it's data-driven investing, short-term rentals, and the untapped potential of real estate as an asset.

Data-driven investing lets potential investors see where the money is. By doing some simple research online, information is now readily available for investors to review whether a property is worth the investment. It can provide insight if a property may be a great rental or flipping opportunity.

AirBNB and other home rental apps have paved the way for investors to see if a property might be a good vacation rental opportunity. Based on a property's location, as properties arrive to market, the technology can make it easy to see if it would be profitable investment based on rental trends in surrounding neighborhoods.

Using new technological tools to determine if a property may pay off is still somewhat new, but advancements are made every day to help investors make better choices when it comes to investment decisions. 

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December Actives Reflect the Expected Seasonal Ebb, New Under-Contracts Up 15 percent

December Sales, Prices, Actives Reflect the Expected Seasonal Ebb, New Under-Contracts Up 15 percent for Decisive Buyers, Reports the Northern Virginia Association of Realtors®

Fairfax – With mortgage rates in 2016 at all-time lows, between 3-4 percent, the housing market garnered a steady pace of transactions, with the Northern Virginia Association of Realtors® region posting a preliminary Year-To-Date total of 21,703 sales, which is 4.58 percent higher than the YTD 2015 of 20,752 homes sold. That overall increase was not enhanced by the December number of homes sold in the NVAR footprint, since this past December, home sales dipped to 1,558. This was a 4 percent decline compared to the 1,623 homes sold in December, 2015. NVAR services Fairfax and Arlington Counties, the cities of Alexandria, Falls Church and Fairfax.

“2016 had another strong showing with increased dollar volume, average and median sold prices,” said Ann Yanagihara, principal broker of Hana Associates in Alexandria and a 2017 NVAR Board member. “It just goes to show that in Northern Virginia, we are fortunate to live in one of the most dynamic and exciting real estate markets.

Read the full article: Northern Virginia Association of Realtors®


 

Predictions for D.C.’s real estate market in 2017

When it came to the real estate market in 2016, it was pretty relaxed. In order to learn what to expect for next year, Curbed DC reached out to Steve Centrella, a Redfin agent in Washington, D.C., and Gerda Gaetjen, a RE/MAX agent in McLean, Virginia, for their insight.

See what they had to say below.

Do you expect home prices across the District to rise or lower?

Steve Centrella: All indications point to prices continuing to rise in the District. If rates continue to increase, that might temper that rise by a little bit, but I believe we’ll continue to see price growth.

Gerda Gaetjen: Housing prices should remain stable, perhaps a slight increase, depending on how much interest rates will rise.

Read the full article: DC Curbed