New Year – Is it time to Add New Property to Your Portfolio? 2018 showed properties selling at a furious pace early on – 8% faster than the year before according to realtor.com. This sent selling prices higher for the seller as competition heated. But 2019 show a better deal for buyers may be in the offing.
The forth quarter 2018 saw a slowdown. CNBC reported that mortgage applications were down nearly 17% from the previous year, putting Buyers back in control.
Despite the change in interest rates, they are still at historic lows. With much doubt in the market and financial futures, many are opting to rent. This makes real estate investors more eager to add to their portfolio as more renters equates to higher rents and bigger returns. Combining that with the steady and consistent growth in real estate values, buyers are returning to property.
So as 2019 begins, it may be time to look at adding to your income-producing real estate portfolio. Contact the professionals at Golden Realty and Management. We will help you make your real estate portfolio work for you!