Real estate has always been one of the most profitable fields in which to invest. With its past history to speak, it is the most growing industry of tomorrow. That certainly doesn’t mean that the real estate industry has not suffered during times of high interest rates as those in the late 1970s and early 1980s when mortgages were topping out at over 20 percent in some states, but the industry has always been able to return to its former status as a leader both for investing and as an employment source.
What makes the real estate less prone to downturns because of high interest rates? People always need a place to live, and in most cases, they can buy a house and pay less money than they can by renting. In addition, a home is an asset on which you can draw when you need some cash for a big purchase. There were times, however, when the housing market slowed, and homes did not increase in value as quickly as they had in prior years.