Update on Housing Recovery
The Harvard Joint Center for Housing Studies has released it's 2012 State of the Nation's Housing Report. All indications point to improved housing market nationwide, with a few interesting points. It appears that housing inventories are still high, and there are still several homeowners who owe more on their homes than they are worth. This means a few more years of slow, but steady recovery. Also, the rental market seems to be growing at a steady pace based on the increased demand for rental property. This is an interesting point, and will also survive for a few if not several years given the tightened lending restrictons for home buyers. This is a great time to invest in a rental property on Cape Cod or elsewhere. The tax advantages alone may make owning a rental property worth the investment, let alone the potential to build equity over several years. If you are thinking of building, renovating or remodeling your home on Cape Cod to take advantage of this unique opportunity, you should contac REEF, Cape Cod's Home Builder.
Here is the full article from Housingzone.com: http://www.housingzone.com/industry-data-research/9-takeaways-harvards-2012-state-nation%E2%80%99s-housing-report