Now in the second month of 2014, home price appreciation is beginning to “normalize.” Last year the housing market was definitely headed towards a home appreciation bubble, as we saw investors eager to outbid first time home buyers. The last few months have experienced a decline in that scenario, and we are predicting a 5% home price appreciation rate within the next 12 months, especially in the Reno Sparks area.
Villacortas reports have been very accurate about this matter (though I am no fan of their valuation service). Keeping that in mind, there is opportunity for real estate investors and occupant home buyers alike.
Home mortgage interest rates have decreased this week despite the reduction of Quantitative Easing by the Federal Government. There is still plenty of opportunity to feather your wealth nest with viable real estate purchases.
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