We will discuss the latest San Jose real estate market trends & news and find out how they can affect the investors and homebuyers in the latter half of 2020. The shutdown due to coronavirus pandemic had an impact on California's economy and the real estate sector as well. 2020 started with low inventory in San Jose, and a strong seller's real estate market. The number of home sales in January and February were really strong. Then came the shelter-in-place order due to the COVID-19 pandemic. The impact of the pandemic on the San Jose housing market was felt in April when home sales started dropping massively.
We will discuss the latest Cincinnati real estate market trends & news and find out how they can affect the investors and homebuyers in the latter half of 2020. Low-interest and unemployment rates, the influx of high-paying jobs, and very affordable housing make Greater Cincinnati a great place for people to live and work. 2020 started strong with an increase in home sales in the Greater Cincinnati housing market. In January, the average home price rose to $219,497, a year-over-year increase of 8.79%. The inventory of homes for sale dropped by 23.2 % as more and more millennials and families entered the market to purchase their dream homes.
Due to the impact of Covid-19, the sales in April were down by 20.21% compared to a record April a year ago. The inventory of homes for sale continued its year-over-year declining trend and that shows that there are plenty of buyers in the market ready to scoop up properties and take advantage of low investor turn out.
We will discuss the latest Columbus Ohio real estate market trends & news and find out how they can affect the investors and homebuyers in the latter half of 2020. Columbus is a slowly and steadily growing real estate market that will be thriving well into the foreseeable future. The real estate statistics in Columbus show us that while the construction is increasing, inventory is still scarce because of increasing demand. This is leading to a steady year-over-year increase in the Columbus house prices. Last year Columbus was ranked #3 among 20 Hottest Housing Markets listed by Realtor.com.
If you’re spending more than 30% of your gross monthly income on living expenses, you might be what’s known as “house poor.” A recent survey by HomeTap found that nearly 20% of U.S. homeowners feel like their monthly housing costs impede their ability to achieve other financial goals most of the time, and an overwhelming 73% feel it some of the time.
Real estate remains an appealing asset class for investors because of the opportunity to earn recurrent income from rentals. If the market dynamics are optimal, your monthly rental income can fully offset the expenses associated with servicing your mortgage. Interest rates remain low and so debt is still cheap. If you can access credit, or otherwise have money to invest, consider real estate and purchase a rental property. However, you must do thorough research to choose the best places to invest in real estate in the U.S.