Are we getting close to the bottom? How much farther with the Santa Clarita real estate market decline during the next 18 months? Depends on what quartile you are looking at. If you want to keep abreast of all of the most subtle real estate changes click here to get to our ‘How is the Santa Clarita real estate market by city’ Resource Pages.
You can also subscribe to our Executive Report summaries that will carry with them extremely detailed information about the Local Santa Clarita real estate market – Connor MacIVOR Market Update [SF]_CA_VALENCIA_91355
Is it a good idea to be investing in real estate these days? The word on the street is that it might be better than investing in the stock market. Investment guru Warren Buffet appeared in a CNBC article a few weeks ago titled “Warren Buffett on CNBC: I’d Buy Up ‘A Couple Hundred Thousand’ Single-Family Homes If I Could”. In the article he is quoted as saying that “he’d buy up “a couple hundred thousand” single family homes if it were practical to do so.” He also noted that those investing in real estate should finance properties with 30 year mortgages.
Buffet isn’t the only one seeing a bottom in the market. Positive news is making headlines and good news means a turn around is imminent. Some markets around the nation are showing positive improvements, which could lead some to believe that today’s low rates and low home values combine to create the ideal time to invest.
The beauty about investing in real estate is the financial perks associated with renting your properties out. Collecting rent, combined with the variety of write-offs associated with real estate, allows for a real estate investment to pay for itself over time while also appreciating in value. There are not many investments out there that can do this. So, is this a good time to invest in real estate? It certainly could be.
Not that it is really “real estate related”, but I did post my first blog write up from a Mac earlier today… It was nice, kind of like driving a Prius… 🙂
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