YAERD.org Real Estate Investment Guide
Part 1 of 4:
Investing in Residential Real Estate
With an appreciation rate far more rapid than any other U.S. industry, the real estate market is a viable resource for gaining capital through investment. In 2006, while prices of most goods and services rose only 4.2%, house prices ballooned by 12.5% in the past year. Although the market is still growing strong, the past quarter has seen appreciation rates level off in several areas where prices have been skyrocketing the highest, indicating a need for houses to remain affordable to the common consumer.
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Prices continue to rise, but at a more stable rate, in most states with the Pacific central states (led by Arizona) displaying the highest growth. These recent phenomenal growth rates all over the country indicate an opportune time to invest in real estate as opposed to the many other investment arenas that are not appreciating like the recent real estate market.
Along with the census data that shows specific states that have been lucrative recently, there are several general areas that consistently return high profits. Since larger cities have larger populations, they spawn a greater amount of potential buyers and tenants. Communities located near major thoroughfares and vacation homes tend to be reliable investments because of their proximity to popular destinations for either business or pleasure. The strength of the local job market is also an important factor in real estate investment. A robust job market draws people to the area, thus draws buyers who will pay an investor for the property due to its proximity to the job. Also, a flagging job market will consistently lower real estate prices.
There are several advantages to real estate investment, in both the short and long term agendas. We will be examining these agendas in the pages that follow.
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