homeownership rate fell to 65.4%, the lowest level since 1996, reports the Census Bureau. That has led to low vacancy rates for rental properties in many cities and a rise in rents. The National Association of Realtors projects that average apartment rents will increase 4.6% this year, following a 4.1% increase in 2012. The average interest rate for web link a 30-year, fixed-rate mortgage on a rental property is about 4%, according to mortgage Web site LendingTree . That means your monthly rental income should cover the mortgage, which wasnt possible when rates were 7% or higher, says Michael Corbett, an adviser to the real estate Web site Trulia and author of Before You Buy! To qualify for a mortgage on a rental property, youll probably need a down payment of at least 20%, says Doug Lebda, chief executive officer of LendingTree.
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Real Estate Could Be More of a Job than an Investment Option, says Dmitri Chavkerov, President of Forex Peace Army
During this period, the real estate market went down and those who invested in real estate faced heavy losses. According to Dmitri Chavkerov , capital is best preserved by spreading it around gold, silver and major currencies. It is not always wise to invest in real estate and stocks as they could be riskier in many fronts.
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