Have you been thinking about investing in Houston Real Estate but you’re not sure if now is the right time for you to invest or not?
Now is a great time to invest in Real Estate especially for these reasons:
Reason #1 – Demand
Thanks to a recent study by the Harvard University Joint Center for Housing Studies and their 2015 State of the Nation’s Housing Report we know that demand has been one of the primary factors which has been driving the Real Estate market during 2015.
There’s been huge demand for rental properties and an even bigger demand for homes for sale thanks to historically low mortgage interest rates which has brought out the first time home buyer, and casual investor, in search of Houston Texas Real Estate and homes nationwide. This demand is the reason that more and more construction companies are building lots of new houses to sell in the competitive market. They want to get these houses finished while the demand is still high so they are using many tactics including home building software to ensure the projects get finished in time.
Reason #2 – Mortgage Interest Rates Will Increase
Many economists predict that Federal Reserve Chairwoman Janet Yellen will be increasing mortgage interest rates gradually in the coming months and these increases can mean the difference between paying less money now for a mortgage payment, or more if you buy a home in the future.
Reason #3 – Home Ownership Has Dropped While Renting Has Increased
Last of all, but most important, you should invest in Houston Texas Real Estate is because of the fact that renting has increased across the United States while the actual homeownership rate has decreased. If you happened to need a real estate lawyer, you could use real estate attorney Houston to help you out.
With a greater demand for rentals nationwide especially among Millennials and Baby Boomers it makes sense to invest in Real Estate because that demand isn’t expected to change in the coming years.
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To get started with investing in Houston Real Estate contact Vestpro Residential Services, LLC today by calling us at (832) 498-0016 or CLICK HERE to connect with us online.