The current real estate market is an investor’s dream – home prices are rising and are expected to continue to increase for the near term and mortgage rates remain low. Specifically, the S&P / Case-Shiller index recently reported that home prices are up 10.9% from March 2012 to March 2013 – a significant increase that has not been seen since 2006, before the real estate market crash.
There are many reasons for these rising home prices, including the decline of foreclosures and other distressed properties from the market (which drive down home prices) and a strengthening national housing market and economy.
Locally, the Birmingham, AL real estate market is seeing positive signs of recovery as well. Specifically, Birmingham, AL is experiencing an increase in home sales and home prices.
What does all of this mean for Alabama investors? Now is the time to invest in real estate.
Birmingham, AL Investment Properties
Many real estate investors are taking advantage of still-low home prices and record-low mortgage rates by purchasing investment properties. However, many of these investors are wishing to hang onto these properties until the market picks back up so that they can flip these properties for a higher return on their investment.
As a result, many investors are turning these investment properties into Birmingham, AL rental houses – allowing them to receive a nice monthly return on their investment. In order to avoid being a landlord, these same investors are turning to property managers to manage these properties so they can focus their efforts on doing what they love – finding and buying investment properties.
If you are a real estate investor who is looking for property managers in Birmingham, AL, then turn to gkhouses.com. Learn more about how a property manager can help you with your rental property.
Matthew is the CEO of Evernest. He is a student of the book Good to Great and is passionate about building the best property management company on the planet (and maybe even the universe if Elon Musk will hurry up). You can usually find Matthew at the baseball field with his son, at a dance recital with his daughter, or at his favorite restaurant with his wife, when he’s not in the office. And if you can’t find him in any of those places, it probably means he’s traveling.