If you are considering investing in real estate, you’ve likely done a little digging on the internet to determine if now is a good time to buy. Looking at those online articles from time to time, I’ve noticed that the answer is always “Yes”—and always “No.” The people who say “Yes” tout the idea that the real estate market always rises. The people who say “No” suggest that real estate moves in cycles and that the real estate “boom” is over, leaving the market in a correction that is likely to last for some time.
So, which is it?
While it is true that real estate moves in cycles, it is also true that real estate rarely loses value. So, even during the worst of the real estate crash, smart real estate investors were able to find great deals and make a profit.
Though some advisers are still suggesting that real estate is “down,” actual numbers show that real estate investments are rising. In fact, the average profit from flipping a house is now $62,000 nationally, with some cities reporting flipping averages over $100,000. With averages like this, the answer appears to be a resounding “YES!”