THE RICHMOND 2021 REAL ESTATE MARKET INVESTOR’S GUIDE
Joe L. Fisher
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he Richmond 2020 real estate market has been a busy one, with skyrocketing demand and falling housing inventory. Like many other markets around the country, the Richmond 2020 real estate market is at its peak in terms of operations as the economy slowly recovers. With all that is going on in the Richmond real estate market, you could be asking what the Richmond 2021 market will look like. Will it be good for investing or not? This article will feature some forecasts from experts that will help you make an informed decision.
may earn a profit of $109,730 by 2025. However, according to Wallentinvestor.com’s forecast, short-term real estate investment in Richmond is not such a good option. If you’re planning to invest in the Richmond real estate market, go with a long-term investment. Below is a short-term Richmond real estate market forecast for the next months and year, according to Walletinvestor. com, based on the median home listing prices from the last five years.
According to Wallentinvestor.com, the median price of an average house in Richmond was $230,858, as of October 20. Walletinvestor.com predicts that the price will increase on a long-term basis, where the expected cost of an average home in the Richmond area is $253,330 by October 31, 2025. This means that for a 5-year investment, the profit is expected to increase by 9.73%. So if you invest $100,000 today, you
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THE POWER IS NOW MAGAZINE | OCTOBER 2020
