Dependable Homebuyers has released an advisory highlighting the steady growth recorded in the real estate sector of Newport News over the last eighteen months. Evan Roberts, who is the founder and owner of the real estate investment company, is optimistic that the growth will sustain for the rest of this year. Roberts says that his company has been busier than ever before with its acquisitions in the city and the surrounding areas. They are receiving more enquiries from sellers and are also dealing with an increasing number of buyers. As more investors join in to capitalize on the potential of the real estate industry, the market is poised for stable growth for now till there are disruptions that could be caused by shifts in the monetary policy of the Federal Reserve.
Evan Roberts and his team at the We Buy Houses compare are not surprised with the upswing in the residential property market. But he does note the fact that the sustained growth is being attained despite the multiple hikes in interest rates. The Federal Reserve has increased the interest rates on short term loans for a total of four times in a year and a half. This has caused a significant slowdown in many cities across several states. The real estate sectors in some states are recording negative growth, which has triggered speculations of a recession by the first quarter of next year. There could indeed be a recession as Roberts also believes but this may not have as much of an effect on the Newport News real estate market.
Dependable Homebuyers has been buying all kinds of houses in Newport News for a better part of the decade. They have dealt with owners of residential properties in varying condition. They have purchased hoarder houses and flipped them. They have bought houses under foreclosure. They have also assisted owners with short sales. The company has witnessed a major shift in how sellers and buyers are operating in the city. Many neighborhoods are undergoing a transformation. Old houses are being renovated and revamped. The landscape is changing. There are transitional neighborhoods that are keeping up the flurry of activity and this is also boosting the investment climate. Interested homeowners can read a recent press release they published at https://drive.google.com/a/dependablehomebuyers.com/file/d/1pB9a2SqataJwyEMt1DGN_iA2fo6FuHzb/preview.
Real estate, like many other industries and most notably the financial market, is substantially shaped by sentiments. If buyers, sellers, agents, investors and developers are optimistic about the prospects of growth then the sector fares well and Roberts believes this is precisely what is happening in the city. The city has witnessed sufficient growth over the last few years. Unemployment rate has dipped significantly. Many industries have been steadily growing and expanding. The macro scenario is conducive for investment, especially into real estate. Prevailing trends and sentiments in other cities across different states are not trickling into what the local buyers and sellers are thinking.
Dependable Homebuyers is buying houses and land in Newport News and throughout the state of Virginia. Homeowners can contact the company directly and sell their residential properties for top dollar.
SOURCE: Press Advantage [Link]
Dependable Homebuyers is a local home buying company in Newport News, VA. We buy houses in any condition and any situation. If you want to sell your house fast, give us a call at (757) 296-8067 and we’ll provide you a cash offer within 24 hours.