For consumers, keeping track of who should be buying, who should be selling and when to do so can be a real challenge, especially since the start of recession had many people running from the housing industry altogether. Many Americans have been riding a roller coaster of investment advice and potential yields. Up until very recently, many homeowners were encouraged to purchase new, bargain-basement properties in order to convert them into rental units. In some areas of the country, markets experienced double-digit appreciation year-over-year.
But now the market is getting back to more realistic numbers, as the number of foreclosures has decreased to historic lows since 2008, and investors have pulled back from committing to new purchases. Even with all that said, the number of homes on the market is slowly increasing, making it more and more of a buyers’ market.