It’s about that time! The weather’s getting warmer, and the sun is coming out, so it’s time for spring cleaning. And you may be thinking, “I’m selling my home. Is this
Real Estate Data Makes the American Dream More Competitive
Dated: May 17 2021
Views: 622
Think about this for a second. The entire world can safely and with less risk than ever before buy a piece of America! The consumer, regardless of where they are located in the world, can access information on real estate activity in most neighborhoods across the United States thanks to the internet. This is a scary thing for the family that just wants to purchase a home for their family!
Global investors and the hedge funds of the world are scooping up homes and property making it harder for families to look for their dream homes. Cities such as San Antonio and Austin are high on the list of places where investors want to buy, hold, and rent out their little chunk of America because property values in Texas are easier to snag than homes in California. According to a survey from Auction.com, 64% of investors who primarily buy investment properties as rentals said they planned to increase or keep their acquisitions despite the pandemic.
Also a recent story in Real Deal News said two of the main reasons for higher home prices are a buying spree from institutional investors and surging building materials costs. Rick Palacios Jr., director of research for John Burns Real Estate Consulting, said in the article that “investors are buying 20 percent of all homes in the U.S. He points to Phoenix where nearly 30 percent of home sales are to investors.” The story noted many of these investors are targeting lower-priced homes. Cash purchases accounted for 67 percent of homes sold below $100,000, and 31 percent of homes sold between $100,000 and $200,000.
Because of the power of data through online real estate marketplaces, there is enough information for people to make smart real estate decisions on homes 5,000 miles away from where they live with just the click of a button!
However this creates a huge problem. The pathway to wealth for many Americans is through utilizing the FHA, VA, or Conventional loan products to purchase either their first home or a larger one for a growing family. For instance, I purchased my first home for $58,000 using the VA loan. It was through an honest real estate agent, the VA Loan Entitlement program and a smart real estate decision that served as a catalyst to have a successful life post military service.
Investors scooping up property, as I discussed with the Express-News recently, is not going away anytime soon. The average person can better compete with the help of a savvy real estate agent. There is no greater time than now to purchase a home in the United States. With historically low interest rates and rising home prices this creates a must-buy environment for families that would like to lock in their payment for the next 30 years and achieve the American Dream!
If you, or anyone that you know is interested in purchasing a home, I have a solid team of experts behind me. Our agents are working hard throughout the state of Texas, from San Antonio, to Austin, and Fort Hood Texas. We are ready, willing, and able to help you buy or sell a home today!
Give us a call seven days a week to purchase or sell a home, or simply talk and let us answer your questions. We are available from 8 am to 9 pm everyday! Office: 210-331-7000 Text: 210-801-9115
By: Levi Rodgers
The Levi Rodgers Real Estate Group
Levi has led 2 very distinct lives: a successful Military career as well as leading one of the most successful Real Estate companies in the country. In 1996, Levi enlisted into the Army as a combat e....
1 comments in this topic
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I just want Everyone in San Antonio to Know that Karishma Rupani a Realtor with Levi Rodgers Went above and beyond to help me Buy a House , she is very Knowledgeable in her field and Has a Great Passion in helping you Get what You Want in A HOME !!! I am so Pleased with the One She Help me Get !!!
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