Everyone is affected by the price of housing, whether you rent or own, are buying or selling. Housing is a key pillar of the economy and perhaps the area we are all most invested in. A few articles over the past several weeks paint a promising future of the housing market in the US, especially for those with a long term outlook. Yearly returns look promising for sound primary residence investment, and/or that investment property you may be looking at.
The Economist says even hedge funds are getting in on the action, but the party may only last as long as interest rates stay near historic lows. They also have an interesting chart that shows us erratically moving back to pre-crisis growth rates. This blog entry also quotes Robert Shiller, one of he most famed housing analysts, as implying we can be an unrealistic wave of negative thinking since 2008 as we were in unrealistic optimistic thinking prior to that time.
Less wonky papers like the USA Today seem to concur through more anecdotal evidence. A path to wealth, not without headaches, can be property investment and management. and it is nice to know the evidence seems to be tipping to now being a fine time to move forward if you had plans to invest in this area.