The Dallas / Fort Worth real estate market is forecast to rebound as the economy gradually climbs back to an active pace, so discuss your options with the people who can help: Cousin James Management.
While some might vilify the idea of investing right now with the uncertain economy and the pandemic crisis, there is a lot to be said on the positive side of the issue; especially if you collaborate with professionals at Cousin James Management.
Often people associate real estate investing in a time like this with making a profit from the financial woes of others. However, on a positive note, real estate investors are much needed to offset market decline or worse, market collapse.
In the last several months, the United States has seen a major slump in real estate sales volume. But if you’re looking to invest in real estate, you probably want to know more about pricing than market flux.
Real estate can be a more stable investment because it historically bounces back. This resiliency can certainly be a better bet than the stock market. Right now, even with the given status quo of the economy and pandemic crisis, most real estate prices have not fallen much in most markets.
Since supply and demand are the key drivers of real estate prices, one need only take note of how many houses are on the market. If there are not as many buyers, the prices go down. The way that supply and demand are affected by our current health crisis falls into a somewhat gray area, since many buyers as well as sellers are taking a ‘pause’ approach to see how it shakes out in the near future.
How the current economic and health crisis will impact real estate prices will depend a great deal on how social distancing measures stay in place and the extent to which the economy will be impacted by the changes.
If a high level of inventory is the end result with low demand, buyers and investors will have more leverage and prices could easily go down. Now is a good time to get your portfolio in order and determine what you can afford.
If you are buying rental properties, consider how the pandemic could make finding great tenants who can pay a bit more difficult. That’s why keeping a good cash flow available to ensure there are reserve funds in case you come across a great deal is a smart idea.
Investing in a strong market like Dallas / Fort Worth, where the economy (and jobs) are projected to rebound and where the population is on the rise is also a smart idea. If you have questions, get in touch with Cousin James Management. We do much more than property management. Our expert real estate professionals stay current on market trends and other factors that influence investing in real estate property.
Also consider how Cousin James Management can collaborate with you in your investment property management. We’re not newbies at this since our family-owned business has been helping residential and commercial property investors manage and maintain their property for more than 25 years. In fact, Cousin James Management is respected as one of the top management companies in Texas, in both commercial property management and residential. Contact us today and get the advice and support you need to make your real estate property investments successful.