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Whilst most investors have been paying a lot of care to the real estate markets in the east and west coasts of the United States, they haven’t yet noticed the expanding real estate markets in the south. Mobile, Alabama is one southern city which has entered into a state of housing growth under most investors’ noses.
In recent years, the Mobile real estate market has experienced a growth in population, which has been due to economic and job growth in the area. This growth gives real estate investors an excellent reason to invest in real estate in Mobile.
The demand for Mobile real estate in the previous years has greatly increased. Nevertheless, the amount of sellers to supply this demand hasn’t increased at a rate which is comparable to that of the demand. This is another part of what makes the Mobile real estate market a place of profit for investors.
There are buyers in the area who are willing to purchase housing and few people to sell the houses to them. It might sound like it’s too good to be true, but this is what occurs when population in an area increases in an unexpected manner.
The standard cost for a single family house Mobile real estate is almost $100,000 less than the national standard. At $135,000 Mobile real estate is very cheap both for investors and potential homeowners. The market has seen a growth in the past year of about 15%.
It is expected for this growth to continue as the market keeps on expanding. While prices are still low, early investors in the Mobile real estate will receive the highest amount of profit from their investment as the home prices keep on increasing and the market growth continues.
Investors will be able to buy and hold Mobile real estate for a few months whilst the market approaches its peak as the market will continue to grow for the next year to the very least. This will make it possible for Mobile real estate investors to receive the most amount of profit possible from their investment.
As sellers haven’t yet taken full control of the market, investors will still be able to purchase housing at a relatively low rate. Waiting for a few weeks or even one month might be too late to get in on the market.
Right now, the Mobile real estate is expected to continue its growth for at least the next year or two. The Mobile real estate is one of the few profitable places for investors in the south. You shouldn’t worry; there will be a lot of time to make profits in the investment of Mobile real estate.
Ann Sommers is a contributing editor at RealEstatePropertyArticles.com. This article may be reproduced provided that its complete content, links and author byline are kept intact and unchanged. No additional links permitted. Hyperlinks and/or URLs must remain both human clickable and search engine spiderable.