Home values are on the rise with more people looking at real estate as an investment again. Jim Hitt speaks about self-directed real estate IRA investing and the upturn. There has been a significant increase in the number of real estate transactions in the American IRA office.
USA Today reports that “Home values have turned the corner.” American IRA, LLC has noticed a definite increase in the amount of real estate it’s clients are purchasing…a sure sign that the housing market truly has turned the corner.
Second-quarter data showed annual increases in home values in nearly one-third of the metropolitan areas that it tracks, or 53 of 167, as reported in the USA Today article, “Home values have turned the corner, Zillow says” “The window of opportunity is still open but closed slightly. Investing in real estate is still a tremendous value and if you haven’t considered it, it may be time to look at it now.”, says Jim Hitt .
Jim Hitt continues, “Our self-directed IRA client’s who are avid real estate investors, tend to value the real estate based on the Return on Investment (ROI) which means those who purchase the properties in order to rent them out are willing to pay slightly higher amounts than our investors who purchase the properties to re-sell them. With rental demand increasing, rental fees are on a steady incline which means a segment of real estate investors are willing to purchase the homes at higher prices.”
Regardless as to why the upturn in the housing market has occurred it is a much needed long overdue positive sign for the economy.
American IRA, LLC was established in 2004 by James C. Hitt in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Mr. Hitt and his team have grown the company to over $250 million in assets under administration by educating the public that their self-directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more!
As a self-directed IRA administrator they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms ). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term “they” refers to American IRA, located in Asheville, NC.