Experts in NY are declaring that the housing crisis is over. They believe there will be a bottoming of housing prices across the country in the very near future. FHFA reported recently that there was a 7.5% increase in the number of new houses sold in 2012 and a 0.3% rise in single-family houses. This is huge news for a financier as it shows that the NY housing market is moving forward and there is still money available.
These figures, which are contained in the media, will only increase the self-belief among sellers and buyers across the country. They will also continue to allow the market to build on its reliable foundation. Let's talk about how Section 8 housing rentals in Montgomery County, NY can make more money in today's improving market.
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For veterans and beginners alike, the best way to make money in this market is to take advantage of the millions upon millions of foreclosed homes. There are approximately 6 million more foreclosed homes on the market, which will continue to drive down prices.
International investors have an exclusive opportunity to purchase extremely cheap property according to their local real estate markets. They can also make higher than expected returns on their rentals or sales. House rentals and flips are a popular way to make a profit in many areas of the country. This is a high enough figure to draw overseas and domestic investors.