The most turbulent decade in the history of U.S. housing has provided unique opportunities at every turn. Now, as the market strengthens, savvy investors are taking advantage of two historic opportunities.
The National Association of Realtors just announced that housing affordability has reached a 35-year high. This means that the price of homes relative to income hasn’t been this low in a generation. Cashloaded buyers are gobbling up properties at historic lows, and current homeowners have never had a better opportunity to move up in value, since the relative margin between home values has shrunk.
Affordable home improvements
According to the National Association of Home Builders, the remodeling market is growing quickly. Growing consumer confidence and competitive construction prices have persuaded many homeowners to invest in their homes once more. To catch this bandwagon, you’d better act quickly. With rising demand and increasing fuel prices, remodeling prices are sure to increase soon.