The media seems to be jumping on any news that relates to the downward turn of the real estate. In fact they seem to be so focus on the downward trend they are not looking for any positive news in the market, and there has been some good news. The real estate market downward trend may be bottoming out, and there is hope for the future.
Guess What? There is some good news within all of the bad news that comes out about the real estate market. Apparently the construction of new homes has increased or at least the studies in June show that. In fact it is estimated to have risen by 9.1 percent according to recent financial studies done by Wall Street.
This comes as a nice surprise and is a positive sign for the falling real estate market. Dean Graziosi, an influential real estate investor, believes that because it looks like the market has bottomed out and will stabilize and even increase in value in the next few years, this is a great time to invest.
Of course, the news of the rise in new home building is good it is still about 30% lower than a year ago, and this may mean a slow growth, which still means that it’s a perfect time to invest. The rise was only felt in apartment and multi family buildings, as there was still a 5% drop in single family homes.
As mentioned before you either look at the news in a positive way or you let the opportunity go by. With sellers wanting to get rid of property there is no better time to try and negotiate the purchase of your first, second or many investment properties. Sellers are listening to potential buyers needs, and trying to help in any way they can.
Sellers are willing to help find financing, do the financing themselves, help with closing costs, offer incentives and many other things. It is just a matter of negotiating and negotiating well.
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