Hard Money Lender Lima One Capital Releases Its Observations And Forecast For The US Housing Market In 2013
GREENVILLE, S.C., May 24, 2013 /PRNewswire/ -- Lima One Capital, the largest hard money lender in Atlanta, predicts that the U.S. housing market will continue to rebound thanks largely to the efforts of residential real estate investors. Investors accounted for 29% of all housing purchases in 2012 throughout the U.S. and this trend is continuing in 2013. Miami, Phoenix, and Atlanta represent the three largest investor-aided markets.
By buying distressed properties and renovating them, residential real estate investors are boosting home prices and stabilizing the housing market overall. Atlanta Hard Money Lender Lima One Capital believes that buyer confidence will increase in response to this quality inventory and home price gains. The residential housing market as a whole is recovering and it is being led by the work of real estate investors.
Inventory remains a dominant factor in the housing market. Inventory has made small gains month-over-month in 2013, but remains at historically low levels. The Wall Street Journal reported the number of homes offered for sale rose by 4% in April compared to March, but was still down by 13.5% from last year's level. Low inventory is often viewed as negative for the short-term but it also can cause home prices to rise, resulting in long-term positive gains. "Low inventory is helping to increase home prices which will in-turn make market conditions more attractive for new sellers to list their properties," explains Founder and President of Lima One Capital John Warren. "The quality properties real estate investors are putting on the market are directly contributing to increased home prices."
NBC News reports that home sales rose 1.5 percent in March. That increase indicates an 18.5 percent gain in home sales from the same time last year. The national median home price increased 3% in the past year. This trend looks to continue through the spring sale season. Real estate investors compose a large part of the market, which will help to maintain these increases over the long-term. "We at Lima One Capital are encouraged by the market trends we've seen so far this year thanks largely to the work of investors," states John Warren. "Hard Money loans are more valuable than ever for those looking to capitalize on a seller's market. The work of real estate investors in the housing market continues to pave the way for recovery."
Lima One Capital, LLC:
Lima One Capital is a hard money lending company in Atlanta, GA, Greenville, SC, and Charlotte, NC. The company specializes in providing first mortgage loans to real estate investors for the purchase and renovation of residential investment homes. Lima One Capital offers loan lengths of 13 months, 5 years and 6 years. A typical loan is closed within seven days, providing clients with the ability to capitalize on unique opportunities in the real estate market, immediately. Lima One Capital is revolutionizing the industry standard for residential real estate investment lending.
For more information on Lima One Capital, LLC, visit www.limaonecapital.com or call 404-908-0080.
SOURCE Lima One Capital, LLC