What To Expect With Housing Market Growth


MIAMI - DECEMBER 22:  Real estate agents Izzy ...

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The housing market, pre subprime crash, had a steady increase in equity of about three percent per annual year after purchase. Prices had remained that way unless there was a major development in an area such as industry, or the area became a lucrative commuter area. Regardless of the reason, the steady increase was stabilized by the local economy, which of course was a direct reflection of the national economy.

Today, there are much more rigid financing regulations in place, and as a result, very few people are able to purchase a home. Some states have lost major bank financing in certain areas, making a seller carry back all the more popular plan for home sale transactions. There are also many note buyers on the market that are capitalizing on the fact that they can purchase a home for pennies on the dollar, then turn around and sell it at short sale prices, and still make a profit.

There are many deals to be had in the market, and many buyers are eager to take advantage of them. Considering an alternative loan option in this market is something that can be scary, as it is traversing unknown territory. The three percent down FHA loan still exists, it is just for FICO of 750 or higher. Finding partners or investors is a great way to close the deal on a steal of a property. Many have considered purchasing homes as a joint venture, rent them, then wait for the economic turn around to provide profits.

There are areas where this is currently happening. Small towns near capital cities are beginning to grow. One area where the home purchase trend is beginning to take shape is outside of Atlanta. This major city is beginning to see glimmers of growth, and the real estate market is getting another chance at gaining momentum.

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