Information All Investors Need to Know NOW
Lawrence Yun, chief economist with the National Association of Realtors commented on our rise from the great recession, “More jobs means more demand for office space, more demand for warehouse space, and more demand for rental housing.” he said. “States with the biggest employment increases are seeing the best commercial real estate activity. Some states are doing much better than others…Texas is consistently in the top five.”
This is fantastic news for anyone in the rental property business, and we’re all looking for ways to take advantage of this economic primetime, including new property purchases. But the question remains – do we jump now, or do we wait to see if it’s going to get better? Although most analysts are expecting a steady increase in both the economy and housing market, there is something more to consider.
In 2008, the Federal Reserve introduced the Quantitative Easing program which was meant to boost the economy. It’s thanks to this program that mortgage rates have been at a historic low, however the QE is now set to taper off by October of this year. Along with our economic growth and a dwindling unemployment rate, you can be sure that we’ll begin to see interest rate numbers rise by this fall, if not sooner.
DFW is such a hot market right now, and there’s no sign of that changing anytime soon. It is expected that Texas is going to see a 3.5% growth in its economy this year. Realtor.com even predicted that with our local area’s increasing inventory, high employment growth and relative affordability makes it the No. 1 market for forecasted household growth over the next five years.
Whether you’re thinking about jumping into the rental real estate pool for the first time or you’re a seasoned investor, we invite you to connect with our team. We’re passionate about what we do, and we love sharing our experienced advice with you, the investor.
Educating for REAL Greatness,
Red Team Property Management
Red Team Real Estate was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional knowledgeable service with maximum value.