Homeownership hit at all-time low at 62.9% in 2016. While owning a home was once an integral part of the American Dream, we’re seeing it matter less and less to up-and-coming generations of homebuying age. Millennials and Gen Z, saddled with student debt and low wages, are often unable to afford a home – if they even want to buy in the first place.
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If you’re looking to invest in today’s housing market, you might be in for a rude awakening. It’s not that investing in real estate is any less feasible or capable of generating long-term wealth. It’s more that building the right portfolio for the right price is more challenging than ever thanks to the combination of an inventory shortage, increasing property costs, and tough lending standards.
3 min read
Real estate investors looking to get in on a fast-appreciating housing and rental market are facing the aftermath of one of the strongest seller’s markets we’ve seen. So how do you come out on top without blowing your budget in a bidding war?