Pop quiz! What is a “soft market”?
A. An economic term describing an environment in which potential sellers outnumber buyers; also known as a “buyer’s market.”
B. An ideal time in which to invest in real estate.
C. A fantastical mercantile exchange in which alpacas and Angora bunnies buy cotton candy from each other with 500-thread count FluffyBucks.
D. A and B.
No surprises: it’s D. But even if you couldn’t have defined what a soft market is before taking the above quiz, it may surprise you to know that, because the real estate market is experiencing one right now, real estate investments may indeed be worth considering for you, even if you’d never before thought about buying an investment property.
What Makes This Such A Great Time To Consider A Real Estate Investment?
As stated above, this soft real estate market means that far more people are trying to sell property than purchase property at the moment, so buyers are the belle of the ball right now: basic principles of supply and demand dictate that real estate prices are terrifically low! In addition to the low property prices, record-low mortgage rates make real estate investment extremely affordable.