Outlook for Real Estate Investments in Ventura County
The Ventura County economy is improving, which creates a desirable time to invest in residential real estate. Nationally, monthly job gains have exceeded 200,000 for three consecutive months, providing what the US needs to create modest economic growth. An improving economy in Ventura County equals wage growth, increased consumer confidence, and more home buying.
Housing affordability remains high in Ventura County because of the historic low mortgage rates and there is a high demand for homes. This provides a favorable long term outlook for future property values, creating opportunities for investors.
The current U.S. foreclosure situation is keeping property values down for investors seeking discounts in Ventura County. The combination of distressed property price discounts in the near term, fairly strong rent growth and improving property values in the longer-term, bodes well for residential property investors.
The outlook for Ventura County and our nation’s housing markets is bright, and the housing recovery will continue to proceed at a slow pace. 2012 offers favorable investment opportunities to investors in Ventura County seeking competitive returns on rent and significant price gains over a longer term time horizon.
Find your next home in one of these areas: Westlake Village, Thousand Oaks, Agoura Hills, Camarillo, Newbury Park, Simi Valley, Moorpark, Calabasas, Woodland Hills, San Fernando Valley, Oak Park, Conejo Valley, Dos Vientos, Lake Sherwood, North Ranch, Las Virgenes, Wood Ranch