Economy is solidly advancing

[Christopher James]

I read a recent article by one of the very best Economist in the Real Estate Business that anticipated growth of 4 to 5 percent occurred in the second quarter. GDP will exceed 3% for the first time since 2005 and unemployment is at 3.8 percent. This is terrific news. However, there continues to be a shortage of available homes for sale, and the homes that are for sale are priced on the extreme high side or are going into escrow in a matter of days, resulting in a need for rental units.

A business partner of mine just recently purchased a 3 family in Western Massachusetts, remodeled kitchens bathrooms and re did the wood floors, ( all affordable renovations), and increased his rents by over 19%!!!!

What are you seeing out there in your market