The Harvard Joint Center for Housing Studies has released it's 2012 State of the Nation's Housing Report. All indications point to improved housing market nationwide, with a few interesting points. It appears that housing inventories are still high, and there are still several homeowners who owe more on their homes than they are worth. This means a few more years of slow, but steady recovery. Also, the rental market seems to be growing at a steady pace based on the increased demand for rental property. This is an interesting point, and will also survive for a few if not several years given the tightened lending restrictons for home buyers. This is a great time to invest in a rental property on Cape Cod or elsewhere. The tax advantages alone may make owning a rental property worth the investment, let alone the potential to build equity over several years. If you are thinking of building, renovating or remodeling your home on Cape Cod to take advantage of this unique opportunity, you should contac REEF, Cape Cod's Home Builder.
Here is the full article from Housingzone.com: http://www.housingzone.com/industry-data-research/9-takeaways-harvards-2012-state-nation%E2%80%99s-housing-report
As a custom home builder on Cape Cod, we are constantly asked when is the right time to invest in new home or major renovation project. Many of our clients have spent most of their adult life working towards their goal of retiring to the Cape full or part time, and they want to know that investing their life savings will provide a return on the investment. In response to that we have offered the fact that in general, real estate has always been a sound investment, and we thought the chart below was rather interesting. It shows that real estate has out-performed the major financial markets by almost 2 to 1 over the last 12 years! So, if you are thinking of investing in real estate, now might be the best time ever!!!