Self-Directed IRA Investors Find Good Real Estate Buys in Growing West and Northeast Regions

According to the National Association of Realtors®, several housing markets still showed double-digit increases in sales prices from last year despite the country’s overall real estate slump. Topping the list were Salt Lake City (21.9 percent increase), Binghamton, N.Y. (19.8), Salem, Ore. (16.7), and Farmington, N.M. (14.0). Additionally, real estate sales continued to grow in specific U.S. regions, with Washington state the winning region. A CNN Money article highlighting economic research by FiServ and Moody’s economy.com, reports that 9 of the top-15 most appreciable cities in the nation call the “Evergreen State” home. All are projected to experience a 10%-17% appreciation through 2007.

According to David Nilssen, president and CEO of Guidant Financial Group, a leading self-directed IRA and real estate IRA services provider, clients with self-directed IRAs are still finding good investment opportunities in these and other pockets of positive growth. “By looking to those regions projected to enjoy the most growth, real estate buyers have the opportunity to safeguard their investments even during today’s challenging market,” he says.

While the national average is down, specific regions in the United States are continuing to grow, as they have during the past several years. This is particularly good news for those who are eager to avoid the volatility of the stock market by investing in real estate. Historically, despite market fluctuations, real estate can still provide a good rate of return if investors stay abreast of real estate projections.

To read more about growing areas for real estate investing, click here.