Scottsdale, Arizona (PRWEB) April 09, 2015
Stonegate Capital Advisors believes that it is essential for individuals to make sure that they pay attention to important economic factors. This is especially important for those who are thinking about investing in the purchase of a home this year, or those who are getting ready to sell their current homes. Whether an individual is buying their first home or looking for a piece of property to invest in as a flip or a rental property, they must be up to date on the current state of the real estate market. The same can be said if they want to make sure that they make a proper sale of property. Here, Stonegate Capital Advisors would like to share some of the current trends that are being seen in the rental market.
In January contract activity increased and additionally home prices saw an overall increase of about 4.5%. That being said, the number of home sales saw a decrease, with new home sales falling 0.2% and the resale of old homes falling almost 5%. One of the reasons that these numbers have been dropping seems to be the weather many areas had to face this winter. Since homebuyers had to deal with these weather conditions, it prevented them from being able to find and purchase their homes.
Bad weather also harmed another aspect of the real estate market. Due to these same terrible weather conditions, many new property construction projects were delayed or halted during the winter months. The constructing of new properties, as a result, dropped by 0.2% as of January. The issuing of building permits also decreased by 0.7%. However, though both of these numbers saw a decrease in comparison to the conditions of the past few months, both of these number are actually at an increase compared to the conditions a year ago, showing an overall positive trend.
As families and individuals think about purchasing or selling homes in the coming months, they should be sure to keep these factors facts in mind so that they can make the best decision financially. If they need additionally help with saving to buy a home or making the best choices about investing in real estate property they can of course depend on additional assistance from Stonegate Capital Advisors.
Stonegate Capital Advisors is a wealth management firm that is also one of the leading financial and tax experts in the field, helping individuals and businesses with their financial management needs. Stonegate Capital Advisors provides expert knowledge and assistance through a variety of financial services and consulting practices. These services include business planning, office services for families, tax planning services, portfolio management strategies, and risk reduction services. These many services can help anyone lead a more financial sound life and a secure future. To learn more please visit http://stonegateprivateclient.com/
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