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The Bright Side of a Slumping Real Estate Market

The sky is not falling! The sky is not falling!

Yes, existing home sales declined last month by 1.2% compared with December and were 8.5% lower annually; but there is a ray of sunshine.

According to CNBC, this downturn may prompt prospective homebuyers to spring into the market this spring because there are bargains to be had.

Analysts say that the housing supply is on the upswing and has been rising steadily for several months; plus, mortgage rates are falling. Housing inventory at the end of January increased to 1.59 million homes, up from 1.53 million in December. Increased supply coupled with slowing demand means lower prices. Yes, home prices are still higher compared with a year ago, but not by much.

Read on at HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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