Jackson, Mississippi is one of the places that people moved to after Hurricane Katrina. This mass migration has brought about a housing boom in the city. This increase in demand for Jackson real estate makes the city one of the most profitable for investors right now. Anytime a large number of people move into an area in a short amount of time, there is a growth experienced in the housing market. This is the best time for investors to begin investing in real estate in the area. Such is the case with Jackson real estate.
The average home price for Jackson real estate is $144,000. This affordable price is well below the national average for home prices. Combined with the expected growth rate, Jackson real estate is a very good opportunity for real estate investors to make some profit. Because so many people moved at one time, the Jackson real estate market was not ready to supply the houses necessary to meet the demand. This is where real estate investors can take advantage of the situation. By purchasing houses and placing them on the market for resell, the demand of the buyers starts to be met.
It is not known at this point what will happen to Jackson real estate once all the people who migrated after the hurricane have found housing. This population increase is what ignited the Jackson real estate flame. If there is not steady amount of people moving into the area, the profits from investing in Jackson real estate might be difficult to maintain for a long period of time. Investors who are playing in the Jackson real estate should get in and get out of the market as quickly as possible.
Since home prices are still relatively inexpensive there is a chance for investors to purchase Jackson real estate and perhaps hold it for a few months while the market continues to grow. After the market has increased between 10% and 20% investors can sell their holdings for a higher gain than would have otherwise been received. This strategy of buying-holding-selling works best for investors who get in on the market when it is just starting to experience growth. By riding the wave for a few months, investors are able to receive higher profits than if they made quicker turnarounds on homes. Jackson real estate is good for investors who like to get in and out as quickly as possible.
Do you own real estate articles or stories and want to share with other investors?
You have chance to win
$100 Amazon Gift Certificates. We will give
away 3 prizes for top authors each month!
Email your articles or stories to:
articles@buyincomeproperties.com
© Copyright 2001 - 2010 by
BuyIncomeProperties.com
Visit
Real Estate Forums
for every real estate investing topics!
Enter Here
Top of Page
