Mortgage rates trend down for the third week in a row, and the national average for a 30 year fixed mortgage is now at 6.36%. Many experts believe rates will tick back up soon, while others are calling for rates to be near 5% by year end. This supports the need for investors to get a good deal regardless of interest rate. At 10x, we coach investors to come up with their own buying criteria, and to be selective with their purchases. As the market softens there will be more and more investment opportunities presenting themselves.
Image Source: Bankrate.com
In New Hampshire, Real Estate prices continue to move ever so slightly upward. However, we are seeing a lull in market activity, as sellers are unwilling to reduce prices, resulting in an increase in the average length of time on the market. Over time, we expect to see more gradual reductions in price, with many experts predicting a nationwide decline in the 7-9% range by the end of this year. This prediction, coupled with the state of our economy today, puts more pressure on investors to find and implement strategies to mitigate market risks.
It is more important than ever to be selective, and to understand the communities in which we invest. This will result in a higher probability of success with your investment returns.
Click this link: ‘Learn more about New Hampshire‘ to learn about the geographies we invest in and why.
Image Source: NHAR.com
