I agree with the prediction! 2014 is already off to a very strong start and should continue to improve. There is a huge pent-up demand for single family housing! Here in the Treasure Valley we are seeing positive net migration to the valley for the first time in several years. When you combine this with all of the families that were affected by the housing downturn from 2007-2011 there are many families that have recovered and are ready to own their own home again! 2014 is shaping up to be a very productive year!
Many housing pundits are calling for home sales to do slightly better in 2014 than they did in 2013. To the contrary, we strongly believe that home sales will skyrocket with increases of 10-15% in 2014. Here are the three categories of buyers we believe will create this strong demand.
The First Time Buyer
The Urban Land Institute recently released a report, Emerging Trends in Real Estate 2014, projecting that 4.48 million new households will be formed over the next three years. Millennials will make up a large portion of these new households. With the economy improving, we believe they will finally be moving out of their parents’ homes and, when they compare renting versus buying, many will choose homeownership.
The Move-Up Buyer
Over the last several years many homeowners were trapped in their home by negative equity. This prevented them from moving up to the home of their dreams. Zillow has justrevealed that home equity increased by $1.9 trillion dollars in 2013 an increase of 7.9% in the last twelve months. With home values rising, this pent-up demand will finally be released and move-up properties will be in high demand.
The Immigrant Buyer
No one knows what will happen with immigration reform. However, we do know what such reform would have on housing demand. A recent study released by the Immigration Task Force of the Bipartisan Policy Center (BPC) found that immigration reform, if passed, would dramatically increase demand for housing units; increasing residential construction spending by an average of $68 billion per year over the next 20 years.
We realize that our projections are based on three situations that are still uncertain. However, we believe that these issues will come to fruition and thereby dramatically increase demand for homeownership.
About boiselender
Meet Paul Anderson, a seasoned mortgage lender and visionary entrepreneur who has dedicated his career to assisting investors in finding lucrative investment properties and paving their path to financial success. With an unwavering passion for real estate and a deep understanding of the market, Paul has become a trusted partner for countless individuals seeking to grow their wealth through strategic property investments.
Early Years and Passion for Real Estate:
Born and raised in Boise, ID, Paul's fascination with real estate emerged during his early years. Paul’s father was a realtor and Paul got his first taste of real estate helping his father in the late 70’s by preparing flyers, folding mailers, and licking too many envelopes! His parents, hardworking individuals who instilled the values of diligence and ambition, frequently discussed the importance of homeownership and building equity. Inspired by their words, Paul's determination to explore the vast world of real estate began to take shape.
Educational Pursuits and Professional Development:
Paul is a lifelong student of real estate and finance and has immersed himself in various real estate forums, attending seminars and networking events, where he honed his skills and expanded his knowledge base. Armed with a comprehensive understanding of mortgage lending and investment strategies, Paul embarked on his professional journey.
Career Breakthrough and Specialization:
After joining a family-based mortgage brokerage, Paul quickly rose through the ranks, showcasing his exceptional dedication and aptitude for assisting investors in achieving their financial goals. Recognizing his unique abilities and passion for helping others, he decided to specialize in guiding investors toward finding profitable investment properties. Paul's expertise in evaluating market trends, conducting meticulous property analyses, and structuring tailored mortgage solutions has set him apart as a trusted advisor in the industry.
Empowering Investors for Long-Term Success:
Paul's approach to working with investors extends beyond mere financial transactions. He believes in building lasting relationships based on trust, transparency, and mutual understanding. By taking the time to listen to each client's individual needs and aspirations, he collaborates with them to devise personalized investment strategies. From first-time investors seeking guidance to seasoned professionals looking to expand their portfolios, Jonathan's vast experience caters to a diverse range of clientele.
A Holistic Approach to Wealth Creation:
Paul firmly believes that true success in real estate investment lies in adopting a comprehensive approach. Apart from helping clients secure suitable mortgages, he provides valuable insights on property valuation, rental market analysis, property management, and long-term wealth creation strategies. By leveraging his extensive network of industry professionals, he assists investors in finding the right resources, such as trusted real estate agents, property inspectors, and legal advisors.
Community Engagement and Philanthropy:
Recognizing the importance of giving back, Paul actively participates in community outreach initiatives, particularly those related to housing and financial literacy. Sharing his knowledge and empowering aspiring investors with the necessary tools to make informed decisions. Furthermore, Paul is dedicated to supporting charitable organizations that focus on providing affordable housing options to underserved communities.
Future Vision and Legacy:
Looking ahead, Paul envisions expanding his reach and impact in the real estate investment landscape. His passion for innovation drives him to explore new technologies and investment models, such as Property Llama, Bigger Pockets, and fractional ownership, to offer cutting-edge solutions to his clients. Through his unwavering commitment to excellence, Paul aspires to leave a lasting legacy as a trusted advisor and advocate for investors, transforming their dreams into tangible wealth for generations to come.
Conclusion:
Paul Anderson's journey as a mortgage lender specializing in helping investors find investment properties exemplifies a remarkable commitment to transforming dreams into financial prosperity. With his in-depth knowledge, personalized approach, and dedication to long-term success, Paul empowers investors to navigate the complex world of real estate investment confidently. As he continues to revolutionize the industry, Paul remains a beacon of expertise and a steadfast ally in the pursuit of wealth creation through strategic property investments.
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