Real estate investors can no longer sit back waiting for the market to bottom out because it’s unfortunately too late. Zillow’s second quarter Real Estate Market Reports, released today, shows that home values have increased for the first time since 2007.
According to Zillow’s study, home values throughout the country rose 0.2 percent over the past year. This may not seem too significant, however it’s definitely a step in the right direction and will improve buyer confidence.
As the number of homes on the market shrinks by the day, and prices rise, investors know that now is the time to act. Real estate investment companies like Conix Inc., which recently acquired $112 million in distressed properties, are doing everything they can to build their portfolio before profit margins decrease.
Economists predict home values will continue to rise in 2012 and throughout 2013, so it appears the worst is over.
Powered by Facebook Comments