Experts at Wealth BCI Bring You an Update on the US Real Estate Market


Staying informed is one of the significant virtues of a property investor. Therefore, we at Wealth BCI bring you the updates on the hottest real estate market in Arizona. The following are five trends which are set to redefine the prospects of the US real estate market in the coming days.

  1. Home Prices Continue to Spike, Slowly

Our experts have done a comparative study. Home prices are expected to rise by 2.8% this year, compared to 3.3% and 5% in 2019 and 2018 respectively. However, it is important to note that home prices will only manage to crawl upwards, instead of recording a rapid spike as in earlier times.

  1. Mortgage Interest Rates Coming Down

Ever since the beginning of 2019, mortgage interest rates had been on the decline. According to our experts, the interest rates this year will hover around 3.6% for a thirty-year mortgage and 3.1% for a fifteen-year mortgage. However, owing to tariffs and trade wars, the numbers might change.

  1. Millennials Rule the Property Market

Like everywhere else, it is the millennial population which rules the property market. According to Wealth BCI readings, millennial investment comprised more than 37 percent of the property market last year. And the number is only expected to thrive by leaps and bounds in the days to come.

In Perspective

It is significant to note that there might be fewer offers on the horizon right now. For buyers, it is the usual words – keep saving and start developing the habit of compromising a bit along the way.

As far as the falling mortgage interest rates are concerned, it is pretty good news for sellers. For buyers, our experts recommend sticking to the fifteen-year model. It is the traditional approach; however, there cannot be a cleverer means to offset the current market dynamics. Lastly, with more Millennials in the scene, sellers should start knowing their buyers. Buyers, on the other hand, would do well to consider speaking to experts, like Wealth BCI, before making any property investment.

Conclusion

The property market is a rollercoaster ride. Each loop turns predictions upside down. Therefore, while searching for the ideal property, make sure to keep tabs on the aforementioned points and update yourself by the minute. For more help, you can contact Wealth BCI for all your queries.

 


Disclaimer

This Property Summary has been prepared solely for, and is being delivered on a confidential basis to, persons considering a possible business relationship with the Company (defined in the offering package). This Presentation is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any equity, debt or other financial instrument of the Company. No offer of securities shall be made except by means of a private placement memorandum meeting the requirements of the Securities Act of 1933, as amended, and applicable regulations of jurisdiction in which such an offer may be made. Any reproduction of this Property Summary, in whole or in part, or the disclosure of its contents, without the prior written consent of the Company, is prohibited. WealthBCI makes no representations, express or implied, regarding the accuracy or completeness of this information, and the reader accepts all risks in relying on the above information for any purpose whatsoever. Certain information presented or relied upon in this presentation has been obtained from third party sources believed to be reliable, however, we do not guarantee the accuracy, completeness or fairness of the information presented. These materials are not intended to provide, and should not be relied upon for investment, accounting, legal or tax advice. Actual transactions described herein are for illustrative purposes only, are presented as of underwriting and are not indicative of actual performance, and were selected based on objective, non-performance factors such as asset-type, geography or transaction date, among others. Before making an investment decision with respect to any investment, investors are advised to carefully read the related final documentation and offering memorandum documents. No offer of securities shall be made except by means of a private placement memorandum meeting the requirements of the Securities Act of 1933, as amended, and applicable regulations of jurisdiction in which such an offer may be made. Any reproduction of this Property Summary, in whole or in part, or the disclosure of its contents, without the prior written consent of the Company, is prohibited.