It appears that the rest of the world has more confidence in the US real estate market than its own citizens do! Why is it that foreign investors are flocking to pick up real estate in America. Perhaps it is because this might just be the best buying point that I have seen in my 35 years of experience in full time real estate sales. I am encouraging my Oregon single family home investors to join this growing group of real estate opportunity seekers!
We are fortunate, here where I work in the Willamette Valley of Oregon, to have not seen the dramatic price falls that have beset much of the country BUT we have still seen a drop in prices. Couple that with record setting low interest rates and a rather quickly escalating growth in rental rates it is a perfect storm for investors. Even Warren Buffett of stock market fame was recently quoted on a CNBC program that he would buy up millions of single family residences if he could!
Do you think that perhaps we are just being whipped into a frenzy with media scare tactics designed to make you listen to the news just so that you will know just how afraid you should be? Fear sells media. We all know that. Now I think we have to recognize our collective guilt at having bought into the doom and gloom instead of looking for that silver lining that seems to be luring the savviest of investors in droves. Another Warren Buffett quote (sorry I just can’t help myself here) “I will tell you how to become rich. Be fearful when others are greedy. Be greedy when others are fearful.”
(Real Estate Translation: Now’s the time to buy. In real estate and in life, it’s almost always best to act opposite to the crowd.)
Lic. Real Esate Broker in State of Oregon