Have you ever heard of “Supply & Demand“..?
If you are on still the fence about buying an investment property in the Sacramento Region, I thought I’d update you with a forecast from Marcus and Millichap that they came out with.
They’ve analysed several markets all over the country. You can read the artcle yourself below. What they don’t tell you is in the conclusion that in the future, there will be upward pressure on rents along with prices when the economy picks up. Why…? Nothing has been built in this area lately.
You can read the entire article but here’s the most important part as regards new apartment construction in the Sacramento Region. “Completions are expected total fewer than 100 apartments this year. No units were delivered in 2009.”
Mortgage interest rates are low and prices, while they have stabilized in the Sacramento Region, are still depressed because of the weak employment picture here. When the un-employment rate finally starts to goes down… folks that have been doubling up with relatives or roomates will want their own place.
So if you are investor, now is the time to jump on a Bank Owned or Short Sale Duplex, Four-Plex or a Single Family Home.
Take a look at some of the inventory out there now by clicking here.
Remember…. If you believe in America this economy is not going to last forever.
Make it a great day…!
Ed Favinger, Broker, CRS, GRI 916-203-1260 firstname.lastname@example.org
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