Published July 11, 2022
Time to Invest in Real Estate?
Are you looking to start your investment journey in the real estate market but aren't sure if it is the right time or opportunity? In 2022, considerable progress in new construction and the cooling of a hot market have opened up the possibilities for future homeowners to start their real estate investment journey. Whether you're looking for vacant land, a single-family vacation home, or multi-unit property, this may be your sign to make a significant investment in your future.
Throughout the pandemic, home buyers and sellers saw a consistently hot market, creating a high demand for investment properties and personal properties, along with labor shortages and supply chain issues, causing a slowing pace in the development of new real estate properties. In 2022, we have begun to see a change in the real estate market as the sales of new homes fell in April 2022 for the fourth consecutive month, and new home construction began to soar by 22% compared to 2021, according to Fortune.
According to a recent Gallup poll, real estate has been rated the best long-term investment for nine years, defeating stocks, mutual funds, gold, savings accounts, and bonds. The value of investing in real estate is constantly rising as people begin to see the many benefits, such as locking in monthly housing payments, increasing personal net worth, and increasing property value.
Regardless of the economic climate, homes will consistently be in demand, and the only increases you will witness after investing are the property value and your net worth. Even in a high inflation market, investing in real estate can help secure your monthly housing payments, especially when rent prices are hitting a new high. By securing a piece of real estate, the worry of rising rent and prices rising above your budget gives owners a positive peace of mind.
Are you interested in learning more about how buying a home could be an excellent investment for you? Here at Emerald Isle Realty, our staff of knowledgeable and experienced top-producing five-star service REALTORS® can guide you through the complex process of buying or selling a home. Our top-performing agents at Emerald Isle Realty are available to answer any questions you may have – please give us at (800) 304-4060 for assistance in the buying/selling process!