Investors, Listen up: now is the best time in years to consider buying rental real estate in the Sarasota, Siesta Key, and surrounding areas.
According to numerous national real estate experts, including the Today Show’s experts, Sarasota, Siesta Key and surrounding area is the number 1 “best value” location to purchase property right now. The August 2011 issue of Money Magazine tells investors it’s is a better idea to buy real estate in this area than to invest in equities.
But incredible values are not the only reason to buy now in Sarasota, Siesta Key and surrounding areas. According to CNN, home ownership rates are at the lowest level in years, rental properties are in high demand, the trend is predicted to continue, rents are rising and expected to continue to rise – all of which are powerful reasons for investors to hop back into the rental real estate market in the Sarasota, Siesta Key, and surrounding area.
In an August 5th, 2011 online article, “Home Ownership Hits Lowest Level Since 1965”, CNNMoney reports that the Census Bureau found that the percentage of people who own a home dropped to the lowest level during the second quarter of 2011 since 1965.
Combine these figures with the fact that millions of Americans no longer qualify to buy a home – due to poor credit – and won’t be able to qualify for years, forcing them to rent, CNNMoney says, “The United States is Fast Becoming a Nation of Renters.”
CNNMoney also reports that rental vacancies have dropped below 10%. The Commerce Department says that vacancy rates are expected to drop further, to 5% by 2012. With vacancies this low, rents are projected to rise significantly. Rents are expected to rise 7% in each of the next two years, nationally.
The Bottom Line is – It’s a great time to buy in Sarasota, Siesta Key and the surrounding areas but even more specifically, It’s a great time to buy well-priced properties and rent them out!!
Investors, Listen up: now is the best time in years to consider buying rental real estate in the Sarasota, Siesta Key, and surrounding areas. According to numerous national real estate experts, including the Today Show’s experts, Sarasota, Siesta Key and surrounding area is the number 1 “best value” location to purchase property right now. The [...]
In 2007, it was sellers who stubbornly held onto their asking price. Now it could be that buyers who wait for the great shadow inventory fall out will find themselves empty handed in Sarasota, Siesta Key and the Surrounding area. Real Estate is local. So local in fact that a near beach property in Englewood [...]
Dr. Beach – America’s Foremost Beach Expert Picked “Siesta Key Beach “ As The Best Beach In America # 1 11/09-10/2011 Penguin Island Exhibit at Mote Aquarium – Runs into December – check with Mote Marine for specific dates. 11/10-14/2011 2nd Annual Siesta Key Crystal Classic Master Sand sculpturing competition. Be sure and visit the [...]