There are three basic necessities that everyone needs in life: food/water, clothing and shelter. Just as every person needs to eat, every person needs a place to lay their head at night. Everyone needs housing and always will. That’s why real estate is a huge market no matter where you are. Most Americans will experience buying and selling a house at least once in their lifetime, as a real estate investor you will experience buying and selling properties at a much more rapid pace.
The above chart demonstrates the annual averages of housing supply and demand since 1974.
Real Estate Investor Tip: No matter what the market is doing people will always need a place to live. You need to develop the ability to read the market and have the ability to shift with it.
Real estate is an enormous market and can be slow at times, but when it’s moving it is typically booming. When the housing market imploded back in 2008 it took its toll on a lot of people; from realtors to homeowners and investors, they all had to suffer. The housing landscape has now become beautiful once again after all the dust has cleared and more and more people are finding their path to home ownership and/or real estate investing. Lenders are also seeing applications for new home loans steadily increasing.
“Buying real estate is the best, safest way to become wealthy”. -Marshall Field