Construction is on the rise, foreclosures and repossessions are decreasing. The U.S.. Census Bureau recently reported that new residential sales in 2017 have increased an estimated 16.9 percent compared to the same period last year.
Far from least, US median property sales are up by 11 percent annually, the biggest increase since 2015.
It’s clear, conditions are optimal, with low property prices, decreased interest rates and a high demand for housing, there has never been a better time to profit from owning rental property.
In my opinion, the next five years will be the best ever for those who choose make their fortunes in real estate. If you already own property, hold onto it dearly. Don’t be tempted to sell. If you’re still on the fence, there are some things I want to share with you:
1-Property hasn’t been this affordable in decades. Mortgage rates are holding at a remarkably low percent. That means reasonable monthly repayment costs that make owning investment property an attractive way to create wealth.
In these market conditions, the value of the equity that an income property offers is not to be underestimated.