I do not know if you have noticed in today's busy real estate market, but inventory is low and medium priced homes are scarce. People still have to live and dwell in a home, and if they can't buy a home they need to rent one.
That is why the rental and owner financing market is so hot! There are just not enough affordable homes to purchase in the market. When one comes up for sale in Cleveland in a nice area the property is usually sold in days.
With the demand for rent getting a steaming point rental rates will go up.
We are getting a lot of people at our rental open houses, just Sunday I met 4 prospective tenants at ato home. They all wanted it, and we rented it for top dollar to a quality tenant.
In a lot of the cities we currently buy in there is no new building going on because there is no land to build on. That means that the housing stock that is there is all these buyers and renters have to get a home to live in from.
If you want to keep your home or as an investor buy a home for income, these are the places you want to park you money at! These are the areas that are in high demand for leasing and growing in equity.
As far as affordable housing. I do not think there is a more affordable major metro area in the United States. The areas are great and they have all the amenities people want and they want to live there because of it.
When your looking for a great please to purchase and lease properties look no further than Cleveland it has the most affordable housing on the planet.
Need Facts? Call me I'm Brett 216-703-5740 Icon Agent at EXP Realty
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