Real Estate Investors News: Housing Markets Fall But Who Cares
The number of housing starts in January dropped after the exciting, year-end highs the previous month. It’s interesting to see these national numbers after all of the excitement in January. This economy is a bit of a stinker. Every time the end of the downturn is in sight, there’s another daunting indicator lurking around the corner.
There is good news.
The Washington, DC/Northern Virginia market remains stable and growing. For Real Estate Investors in the HMB markets, things couldn’t look better.
Fueled by local government spending and job stability, the local economy is strong. As a result, there are more qualified buyers to take advantage of the historically low interest rates.
The stable housing market limits risk for Real Estate investors and opens the door for excellent opportunity.
While the outskirts of the metro-DC market is comprised of many newer communities, there are plenty of neighborhoods in both suburbia and downtown that need work. And while the Real Estate market continues to improve, banks still have a big supply of non-performing assets to unload.
All of these positive factors make right now one of the best times to invest in the Washington DC market.
If you’ve been sitting on the fence, waiting for the green light to get in the game, here it is. Buy now for appreciation, cash flow or to fix and flip. Washington is not just a great place for politicians. It also a great place for Real Estate investors.