Now that we’ve discussed the outlook on the housing market landscape for first-time buyers, and discovered where the best housing markets are, we can explore how to get the most bang for the buck, so to speak.
First-time home buyers should be excited about the amazing values that are available right now. So let’s talk about THE BEST places to start your search.
Where are the Best Land Values?
All of the best bargains were found in Louisiana and Texas with Dallas being the most undervalued big city, by 30%, according to CNNMoney.com.
But the [...]
The Dallas-Fort Worth area came off best in the latest forecast of future home values. North Texas metro areas were ranked as the least likely in the country to experience a sustained home-price decline in mortgage insurance giant PMI Group’s newest report.
As we continue our series about the housing market from a Generation Y perspective, we’ll continue to explore the challenges facing first-time home buyers, and the Opportunities.
In this financial environment of seemingly no winners, there is in fact one group of buyers that have an advantage: First-time homebuyers.
Wealthy international buyers are definitely in the market, including Mexican nationals who feel safer having some of their investments in the U.S.
Smaller investors understand the importance of portfolio diversity, and are finding more opportunities to branch out. In addition to the expanding number of foreign real estate stocks that can be bought through brokers, there are more mutual funds focused on international property.
Boomers are moving to rural areas to experience the beauty, peace and serenity of the country. Unlike previous generations, they are retiring earlier and want to live where they can hike, bicycle, garden, start a horse farm or simply commune with nature.
Baby Boomers will continue to drive a portion of their investment portfolio into real estate, specifically raw land, fueling the demand for land like never before.