Okay, before I say anything else, this is NOT a hint or tip or advice of any kind to invest in Kentucky. The team and I have not had an opportunity to investigate the opportunity properly and don’t know if the market is right for what we do. Yet.
But I ran across an article this morning that is simply one more validation of what we do and how we do it.
The website Kentucky.com published a very interesting article this morning quoting the latest census figures for the state.
The report says, in part, “The percentage of people renting a place to live went up far more in Kentucky than those buying a home between 2000 and 2010, according to U.S. Census data.The downturn in jobs during the recession and tighter credit were key reasons, several real estate agents said.”
The article also says, “You’re seeing a shift in the market,” said Tony Clark, president of the Kentucky Association of Realtors. Banks are not lending as they once did, Clark said. Jonah Mitchell, a real estate agent in Jessamine County, said there has been strong demand for houses to lease.”
This falls directly in line with every our team believes to be true throughout the U.S. America has become a nation of renters. A portion of that shifting attitude is a result of more challenges for Americans who want to have a mortgage approved.
By the way, don’t forget our FREE INTRODUCTION TO U.S. REAL ESTATE workshops starting in just two weeks. Check out the website and let your friends know!