Real Estate - Market Trends
Real estate -? If the housing market were human, it would look like it just wrestled a few alligators after running an obstacle course through a snake pit.
The market is beaten and bruised, but still emerging from the recession, which is why Greg Rand, a real estate veteran and author of ?Crash Boom!? from Career Press, wants people to know about five new trends that could help them beat the housing blues.
?The market is made up of buyers and sellers,? Rand said. ?It?s just people who are trying to figure out how to buy low and sell high. The secret to making sure your real estate doesn?t turn into a money pit is to watch the trends so you can predict where the prices will rise and where they won?t.?
Real estate trends to watch include:
?? Short-Term Pain ? Show me a market where home prices are back to 2002
levels, and I will show you a market that is overcorrecting.
?? Overdevelopment ? One of the reasons the market is overcorrecting is
overdevelopment and speculation, as is the case in Florida. Another
reason is that the job base has eroded, like in Detroit. Isolated,
explainable, short-term distress is the secret. Find your Florida.
?? Jobs, Jobs, Jobs ? Track employment trends to see where companies are
moving, and you will see a harbinger for long-term housing demand.
?? Lifestyle ? Nothing drives migration patterns long-term more that the
pursuit of happiness. Look at climate (the Carolinas), leisure trends
(Colorado) and cost of living (Texas) for triggers on where the market
may shift.
?? Responsible Government ? Look at the state government. Does the state
and city in question reward or punish risk-takers? Are you likely to
suffer if you succeed there? If so, find somewhere that appreciates
entrepreneurs. There?s nothing worse than putting your money on the
table, only to have it redistributed.
Source:? Greg Rand, September 20, 2011
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This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Real Estate ? 5 Trends To Watch For In Struggling Housing Market is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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