West Palm Beach Investment Real Estate May Gain Two Ways
Observers of residential real estate nation-wide have started sounding a new upbeat note. It has to do with the effect of recent shifts in buying and selling — some of which may well affect investment real estate in West Palm Beach, too.
West Palm Beach investment real estate has always drawn area residents seeking to profit by owning investment property close to home: properties they can monitor conveniently and with confidence. The one negative has been the assumed general neighborhood effect of widespread rental ownership. When rental home proportions rise within a community, there can be a gradual decline in the area. The reason: residents who own their homes are more careful about upkeep. Renters have less at stake.
Now comes the well-documented increase in investor interest in housing. “Investors Pile Into Housing,” according to The Wall Street Journal last week. In addition to the traditional landlords of the past — the retirees, real-estate brokers, doctors and other professionals who still do dominate the market — there are new eager investors: large private equity firms. According to the WSJ, over the past year they have spent billions of dollars buying up single-family homes. It may have been inevitable due to the same factors that appeal to traditional West Palm Beach real estate investment customers — namely, home prices that are still relatively low accompanied by rental rates that remain healthy.
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Christian Penner, Mortgage Broker West Palm Beach talks about Real Estate West Palm Beach. He also serves other Local Areas and provides home Mortgage Solutions for Palm Beach Gardens, Jupiter, Boca Raton, Wellington and Tequesta. Christian Penner Mortgage Broker Jupiter has the lowest mortgage rates and the best home mortgage programs like; Jumbo loans, FHA Home Loans, VA Home Loans, Reverse Mortgage Home Loans, Freddie Mac Home Loans, Fannie Mae Home Loans and HARP Mortgage Loans. Christian Penner Mortgage Broker Palm Beach Gardens has Served the area for over 15 years with his Home Loan Lending Needs and Works with FEMBI Mortgage in Jupiter. You Can Also Find Him On Facebook at: http://Facebook.com/YourMortgageBanker <-- ADD Me and Like My Page for more of this.