Real Estate Trends: Where can I find Information on Real Estate Forecast?
tonioah asked:
I am interested in purchasing a property, but would like to have an idea on how trends look…. Any feedback is appreciated… Thanks…
I am interested in purchasing a property, but would like to have an idea on how trends look…. Any feedback is appreciated… Thanks…
February 2nd, 2009 at 9:48 pm
cnnmoney.com
there saying panama city, florida is the next spot and a list of others, guess well see.
February 4th, 2009 at 12:49 pm
How about investing in a crystal ball? That would be your most truest source right now. Seriously, real estate trends run on the average of 3 years….3 years up, or 3 years down. The 4th year is coming up where I live in Michigan, but I don’t see much improvement coming.
The best source to check is with the employment in the area. Are there any new hiring going on in industry or state level employment? Or are the factories being vacated and torn down and layoffs present. This is the major cause of housing sale incline or decline.
If there is a decline in employment, then bankruptcies and foreclosures abound. At this stage, rental units are at a prime, not homes to improve and turn over.
Judge by the conditions of your environment and you should be able to BE that crystal ball!
Best of Luck and Happy Holidays!
February 5th, 2009 at 2:50 am
Best source right now is a crystal ball. If anyone could predict the future they would not be on here, that’s for sure. Don’t rely on the mainstream press. They just like doom and gloom.