Real Property Associates

Here at Real Property Associates we noticed an interesting article entitled “The Housing Market Horror Story Isn’t Over Yet”, written by David Dayen for the fiscal times. The article can be found here http://www.thefiscaltimes.com/Columns/2016/05/27/Housing-Market-Horror-Story-Isn-t-Over-Yet
Although the headline looks worrying, when taken at face value, the article goes on to show some positive outlooks for people investing in property.

Looking at the actual raw numbers, one can take it that the housing market, one of the underlying signs of growth for the economy, is looking good. New home sales are at an eight year high and sales of existing homes rose for a second month. One problem though is the fact that supply is shrinking, in a supply and demand economy, when sales increase then supply needs to increase also. As a property management company base in the Seattle area we are all too aware that there are, in effect, two markets; one for wealthy people and one for those less able to finance the purchase of a new property. Builders will naturally build homes for the sector that they feel confidence in. This, however, doesn’t mean that low cost homes aren’t a viable proposition as regards an investment.

The data in the article that we highlighted above is taken at a national level. Statistics at this level are very important in judging the health of the economy of the US as a whole, but, a knowledge of the housing market at city and neighbourhood level can provide opportunities to invest that buck any national level trend, forecast or statistic.
We have that knowledge and depth of experience, so if you are looking at investing in property in the Seattle area then call us. We have our ear on the ground.

Property is an investment, and there is nothing worse than watching a property management company waste all of your hard earned money by running your investments into the ground. But any property owner can make a wise decision on a management company by simply following these tips