A Sector Making a Come Back - Real Estate Accounting| |
As the local real estate market continues to improve gradually, we have seen more accountants step up and develop a real estate accounting niche. Yes, our fingers are crossed as interest rates have remained low, inventory is declining, and the pricing in most markets is slowly improving.
Roughly three years after the housing recovery began, the long term outlook is still pretty solid. Nationally, home values remain 11% below their peak in 2007 and expected to rise another 4.2% through 2015, according to Zillow Home Value Forecast. At the current rate, home values won't get back to peak values until 2017 so more upside exists. By all means, markets like Las Vegas, Phoenix, Detroit and Minneapolis are still suffering but most US markets are promising.
Here are some examples of accounting firms seeking to attract real estate accounting clients:
If you'd like to acquire more real estate clients, call Build Your Firm today.