It is a great time to be a homeowner or real estate investor; the housing market has seen an amazing recovery since the 2008 recession. In fact, some markets throughout the U.S., such as Charlotte, Dallas, and Denver, are achieving new highs. According to the Case-Shiller index, about 38% of the 87 major metros saw gains since the 2009 lows (Bloomberg).
“The housing price recovery has been nice. What we have is a goldilocks — not too much, not too little” said Stephen Miller, an economist at University Nevada, Las Vegas, on the local housing market in Las Vegas.
What this Means for Investors
While there is risk involved in any investment, real estate is a far more stable choice for most investors when compared to the stock market. The stock market returns have declined by 3%, but real estate home equity saw a 22% gain from the end of 2013 into Q4 2015.
With the housing market continuing to grow across the country, it is an ideal time for investors to expand their real estate holdings remotely or start investing in this appreciable asset class. Metros like Charlotte and Memphis are showing strong buy signals. For more recommendations on where you should be investing, see our recent study that identified the top markets by cap rate.
