GREAT NEWS! The US Housing market reaches a turning point: Home values begin to climb w/big growth opportunities in income/investment properties, according to RISMEDIA and a major new study released by the Demand Institute.
Briefly: Average home prices will increase by up to 1% in the second half of 2012. By 2014, home prices are expected to increase by as much as 2.5%. From 2015 to 2017, industry experts project annual increases between 3 and 4+%.
Key findings in the report:
-The recovery will be led by demand from buyers for rental properties, rather than, as in previous cycles, demand from buyers acquiring new or existing properties for themselves. (Investor opportunities!)
-Young people—who were particularly hard hit by the recession—and immigrants will lead the demand for rental properties.
-Rental demand will help to clear the huge oversupply of existing homes for sale. In 2011, some 14 percent of all housing units were vacant, while almost 13 percent of mortgages were in foreclosure or delinquent.
-The average size of the American home will shrink. The size of an average new home is expected to continue to fall, reaching mid-1990 levels by 2015.
Despite the number of Americans who have been hurt financially by the housing crash, the desire to own a home remains strong. In fact, one survey has revealed that more than 80 percent of Americans recently thought buying a home remained the best long-term investment they could make.
For more information, please click on the attached link: http://rismedia.com/rrein/8783/84440/null/37613