Is now still a good time to buy real estate? In any real estate market, buying and holding real estate for the long term always wins! If you are looking for buy-and-hold cash flow investments in a market with a surging job market and population growth, or if you are a homebuyer who can get a fixed-rate mortgage for a fraction of what you pay in rent, now is a great time to buy real estate!

In contrast, the house flipping business is dead! High-risk investors are losing their shirts and then some! Hard money loans are crashing in today’s market. Luxury real estate markets are also crashing! E.g., here in California, homes valued at $2 million and up have already taken a 25% haircut!

Always remember, real estate is localized, and every market is different. What might not make sense in one market might make sense in another. You must do your due diligence, understand how to evaluate a market, and run the correct projections on each property you are considering (preferably long-term) to know whether an investment makes sense.

In housing markets like Boise, Phoenix, or Austin, where prices have already gone up 40%, it does not make sense for most investors right now. However, as prices come back down in some of these overpriced markets, that will spell a future opportunity.

In overpriced real estate markets where there is a glut of inventory and a lack of demand, I would not buy right now. Instead, I suggest waiting for prices to parachute down because, as sure as I am about the sun rising tomorrow, THEY WILL!

We continue to buy investment properties in select markets where the numbers make sense, leveraging the power of dollar cost averaging!

Now is an excellent time to implement my buy-and-hold, long-term turnkey investment strategy. The markets we look for offer strong job growth, population growth, housing demand, and low inventory.

Because there is less competition, we are negotiating lower prices than a few months ago while receiving higher rents. The numbers make sense in the markets we are investing in. If rates drop, the returns will be even better if you know where to buy.

Would you like to start your own real estate journey to financial freedom? Seewing specializes in helping everyday investors like you grow a passive real estate portfolio through turnkey rental properties, regardless of where you live. Take advantage of your opportunity to build your wealth and financial security today through turnkey real estate!

Seewing started investing more than 30 years ago. In addition to being a full-time professional investor, Seewing mentors investors of all experience and skill levels to help them profit from real estate investing.

Contact Seewing if you need help finding, evaluating, or funding investment properties for your growing real estate portfolio. Seewing’s team of advisors, financial experts, and turnkey real estate providers would be happy to help you.

Seewing is a value-based real estate wealth advisor. He provides guidance, mentoring, and consulting.

Seewing Yee
(510) 552-0726
seewingyee@yeerealestatenetwork.com

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Once you join the network, you’ll receive weekly market updates, investment opportunities, real estate education, and interviews with top industry leaders straight to your inbox that you just won’t find anywhere else.

Helping investors invest out-of-state is our specialty. We connect you with experienced real estate agents and experts in the hottest markets throughout the country, regardless of where you live. Helping you invest in profitable, cash-flowing turnkey investment properties is what our agents do best.

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Shock! Amid Bank Bailouts, Mortgage Rates Crashing, And FED Rate Hikes – Home Bidding Wars Are Back!

In the midst of a volatile economy and uncertain financial times, a surprising trend has emerged in the real estate market. Despite news of bank bailouts, crashing mortgage rates, and Federal Reserve rate hikes, home bidding wars are making a comeback, leaving many economists and experts startled.

The housing market has been one of the most significant casualties of the ongoing global financial crisis. In recent years, unstable economic conditions and widespread job losses have resulted in a decline in demand for housing, causing prices to plummet and leaving homeowners struggling to sell their properties.

However, the tide appears to be turning, and the housing market is experiencing a surprising resurgence. In many areas across the country, prospective homebuyers are finding themselves in intense bidding wars, reminiscent of the fervent pre-crisis times.

Several factors may explain this unexpected turn of events. Firstly, the record low mortgage rates have made buying property more affordable for many individuals. As interest rates on home loans hit historic lows, potential buyers have been enticed by the prospect of securing a mortgage with incredibly favorable terms. With low monthly payments and the opportunity to build equity, many are eager to take advantage of these attractive conditions.

Secondly, the Federal Reserve’s decision to raise interest rates has added urgency to the buying process. Prospective homeowners fear that rates will continue to climb, making borrowing even more expensive. Consequently, they feel compelled to act quickly, resulting in intensified competition among buyers.

Thirdly, the pandemic-induced desire for extra space has led to increased demand for larger properties. As remote work became the new norm for many, homeowners realized the importance of having adequate space to accommodate their working and living needs. With the possibility of spending more time at home in the future, many are on the lookout for properties that offer ample room and amenities.

Lastly, the limited inventory of available homes has further intensified the bidding wars. The pandemic disrupted the construction sector and caused delays in new housing projects. Additionally, homeowners hesitant to sell during economic uncertainty, combined with the surge in demand, have significantly reduced the number of houses on the market. As a result, buyers are grappling with fierce competition, often finding themselves outbid or forced to increase their offering price.

While the return of bidding wars may signal a recovering housing market, it also poses challenges for many first-time homebuyers who are now struggling to secure their dream home. The increased competition has caused prices to rise rapidly, making it difficult for those on a tighter budget to enter the market. Additionally, the urgency to win bidding wars often means buyers are forced to waive certain contingencies, potentially putting them at higher risk.

Real estate professionals and economists are closely monitoring this unexpected phenomenon, unsure if it is sustainable in the long term or merely a temporary surge. Only time will tell whether home bidding wars will continue their resurgence or if the housing market will eventually stabilize.

In the meantime, homebuyers must approach the process with caution, carefully evaluating their personal financial situation and considering the potential risks and benefits that come with participating in a bidding war. While the opportunity to secure a dream home may be enticing, it’s essential to make informed decisions based on realistic expectations and financial capabilities.

In conclusion, the reemergence of home bidding wars amidst bank bailouts, mortgage rate crashes, and Federal Reserve rate hikes is undoubtedly a surprising development. It highlights the resilience and unpredictability of the housing market and the impact that external factors can have on buyer behavior. As the real estate market continues to evolve, prospective homeowners should remain vigilant and adapt their strategies accordingly to navigate these uncertain times successfully.