Written by: Samantha Guarderas
Home prices tend to hit a peak during the summer time due to the range of homes that are being sold. Expensive homes benefit from the spring and summer seasons because schedules tend to be less demanding and families are able to move without interrupting school. According to CNBC, home prices in June showed certain growth rates nationally. However, investor involvement in the market dropped from 25.3% in May to 21.9% in July. These investors have played a major role in the real estate market up until now. They are frequently all-cash buyers and typically do not need to sell a home in order to purchase another. These actions have contributed greatly to the recovery of the housing market. However, both investor involvement and home supply has been dropping. While home prices continue to rise, investors are choosing not to go through with deals because of the rise in prices.
They are beginning to lose interest. In many cases, these pricing increases are becoming too high for investors, therefore eliminating investment participation. However, this should not discourage future investors. Recently, Asian investors purchased half of the new Ritz-Carlton Residences, looking to profit off of the condos. With the outstanding location of the condos, this type of investment is sure to pay off. Investing takes thoughtful consideration. Always remember that location is key.
Eklipse Real Estate is offering an amazing investment opportunity with our 6-unit condo building located in the heart of Venice, just steps away from exquisite dining and nightlife.