what is pushing housing prices up on Main Street? The fundamentals! Think Econ 101. Currently, the U.S, is experiencing extremely low inventory. This is because of a build- ing shortage and people who want to stay put due to COVID-19 and lifestyle reevaluations. We are also seeing millennials come into home-buying age and boomers are still alive and well, creating friction when it comes to housing turnover. In addition, we are still experiencing historic lows for mortgage interest rates and, as mentioned before, being able to borrow money cheaply can have a
Zach Lemaster is the founder and CEO of Rent To Retirement. Lemaster is a seasoned real estate investor who has accumulated a large portfolio of rental properties across multiple markets, including single family, multifamily, commercial, and new construction. He is passionate about educating others about the numerous benefits of real estate investing and how to use real estate as a means to create the lifestyle each person desires for their family. against them. The real estate indus- try has withstood the test of time as a reliable investment path, and big corporations are not going to stand in your way of creating an investment portfolio with longevity. •
major impact on monthly payments. Low interest rates drive the demand for borrowing and buying up, which drives housing prices up. When you look at the big picture, institutional investors are not taking over the housing market. Moreover— as we’ve seen with Zillow’s historic stumble in their house buying opera- tions and ability to evaluate the price of homes—real estate is a highly localized industry that will take more than a few algorithms to be changed. Investments take time and patience to build. There will always be large institutions to compete with, but as a savvy investor, you can strategize
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