The answer can depend on your goal and investment strategy. Generally, there are two types of real estate investment strategies for residential properties. The first is the “fix and flip” investor. This investor is looking for a home that needs repairs; so, they can buy it, fix it up and sell it for a profit. For these investors the outlook for 2018 looks good. Most predictions are betting prices will continue to rise nationally in 2018. [see inman article about 2018 outlook] We feel the same will be true for State College/Centre County.
The second investment strategy is known as “buy and hold”. This is an investor who buys property to rent it out. This investor is looking for long term appreciation, as well as monthly cash flow and tax advantages from owning real estate. For this type of investor, the outlook for 2018 also looks favorable for purchasing. As already stated the market looks strong for the foreseeable future (see value predictions for State College in 2018 https://www.zillow.com/state-c...) and interest rates are still relatively low; this gives investors more purchasing power and lower payments. Interest rates are expected to rise slightly, meaning that buyers who purchase sooner than later, will most likely have better rates and so lower payments. [see Kiplingeer prediction on interest rates for 2018]. Therefore, it is our opinion that the market is currently favorable for investment purchases in residential real estate.
Linda & Ryan Lowe
loweteam1@gmail.com
(814)280-2424
www.loweteam.com