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Posted by Keith on June 10th, 2021

One of my favorite real estate investment speakers states that, "You need to learn how to roll with the punches when it comes to real estate. There will always be good times and bad, and you phuket property have to know how to keep your composure in both." Two to three years ago it seemed like everyone was jumping on the real estate investment bandwagon. As housing prices inflated rapidly due to rock bottom interest rates, any average Joe could buy a house at market price, hold on to it for a year or even less in some cases and still turn a nice profit.

Sadly, I know many people who invested in real estate during that time who are now struggling to make payments each month on properties that they have been unable to sell since the market cool down. Many are selling their properties at a loss for fear of losing even more money in the long run due to the continuing deflation of housing prices. Unfortunately for most of these amateur investors, they forgot the cardinal rule of investing, "what goes up must come down". A savvy investor would have foreseen that the market would eventually drop and would have been prepared for it. But like most who invested during that time, they didn't educate themselves prior to buying their properties and prior to the market taking a down turn. On the other hand, people getting into the real estate investment business now have a better chance of being more prepared the next time it happens.

No matter how you look at it, people will always find the good in the bad and I personally am definitely finding the good in today's real estate market, no matter how bad the headlines say it is.

Residential real estate is one of the viable investment opportunities that are driving the US economy forward. A good number of US citizens have always desired to realize the much celebrated American dream by engaging in property investment. While several individuals have succeeded in owning a home, others are still in the process.

Residential investment vehicles gives investors the opportunity to purchase or sell all kinds of homes such as apartments, condominiums, terraced houses, cooperative houses, duplexes, and so on. Such investment opportunities are always available in many of the states. Buying and selling of such homes are always ongoing in various cities located in the US.

All over the US, there are agencies and individual agents helping people to invest in the residential real estate business. There are also various online real estate listing services that help home sellers to advertise their properties. A good number of US citizens get involved in the residential real estate business on regular basis. This has continued to help the US economy in diverse ways.

The Important of Residential Housing on the US Economy

Ever since the days economic recession which sparked off during the September 2008 financial crisis, the residential real estate has continued to remained one of the most viable tools that still drive the US economy forward. Since the recession ended in 2001, it has also been the primary driver of the US economy. Lots of cash returns have always been realized for the US economy through the residential real estate business. The bulk of the money comes from property taxes which most home owners pay yearly to the government in order to protect their properties.

The residential housing business has also generated lots of employment opportunities for the US citizens. Many young guys are now making ends meet by working as agents in their various cities. Many contractors, land surveyors, loan officers and others have also emerged. They have a lot to do in the residential real estate business. In most cases, they help home buyers to realize their dream while the US economy continues to boost in the process.

Housing for US citizens, it has continued to play an integral role in the US economy. The more several houses are provided, the higher the property tax multiplies. This ensures regular flow of income in the US economy.

There's also a growing interest of non US citizens in the housing business in the US. Several investors from other countries of the world are given enough room to purchase all kinds of homes in various states. This in turn drives the US economy forward.

Indeed, the future still holds a lot for the US economy. The residential market is actually booming. More good reports are also in the pipeline. The US economy will continue to grow higher as the real estate market thrives. The economy is still reluctant to have increase in housing values, as the property foreclosures inventory is still high.