Back to Results
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
It could be a great time to invest in real estate, even though prices might go down even more.The first thing to consider is your investing strategy, are you in it for the long term ie: buy and hold or in it for a quick fix or flip?The quick flip oppotunities are really for seasoned pro's that can control their costs ie: have relationships with reliable contractors, and the market knowledge to price agressively and sell quickly... extremely difficult in most markets today and very risky, if you don't sell quickly, and the prices are falling you can get stuck....However, the buy and hold strategy can be less risky, if you buy the property a t a price that leaves room to rent above your carying , fix-up and vacancy costs.So even if the prices drop over the next several years, you can continue to have a positive cash flow to take you through to the time that the market eventually turns around.So you need to analyze your carrying, fix-up and vacancy costs and make sure that the area you are investing in can support your monthly 'nut' with a margin for profit. I recommend a 3bedroom , 2 bath home in a good school distict as a minimum, so you can unload it when the time comes.Good Luck Huniting!
It's always a good time to buy a property that is in the right location and priced correctly. Could prices decline further? In many areas - absolutely. Until employment numbers improve, there will be a steady flow of bank-owned inventory coming on the market in addition to normal turnover of homes sold due to the usual reasons (upsizing, downsizing, relocation, etc.). As long as inventory is high and lending is tight, prices will continue to decline. However, we're already seeing prices increase in some neighborhoods where employment is up, such as parts of Silicon Valley. All real estate - and real estate investing - is local. Regarding interest rates, they have to go up. They are so low now that there is almost no room for them to go down any further without giving the money away. But keep in mind that the real estate market had good periods in the 1980's and 1990's when mortgage rates were 8% to 12% for highly qualified buyers.
Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.
For Sale: $2,595,000
For Sale: $7,495,000
For Sale: $2,750,000