Housing market is busier but home prices are still under stress. If you are a seller the good news is that buyers are out buying. The bad news is that you have to be ready to slash your selling price.
Many home buyers this summer are real estate investors who are turning units into rental properties and are managing the rental properties. Many of them are experienced landlords. As a result, rents are falling along with home prices, giving home shoppers less incentive to move from a rental unit to their own home.
The lower end of the housing which had been hit hard by subprime is close to the bottom while the higher-end houses are feeling the pressure and may see more decreases in pricing.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. A Turn in Housing Market – Low End Home Prices Stabilizing is brought to you by SimplifyEm Pay Rent Online and Property Management Software|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
You might also want to read:
- 2010 Residential Rental Housing Market – San Francisco California Outlook Outlook for San Francisco, CA Continued operational softening in the apartment market is expected as rents re-balance to more sustainable levels. As with other markets, job loss is unavoidable and with concerns about local employment......
- 2010 1st Quarter Real Estate Market Data – The State of US Housing Market Activity The National Association of Home Builders (NAHB)/ Wells Fargo conducts a monthly survey focusing on builders’ views of the level of sales activity and their expectations for the near future. NAHB uses these survey responses......
- 2010 1st Quarter Real Estate Market Data – The State of US Home Prices Home Prices The median price of new homes sold during the first quarter of 2010 was $217,800, down 1 percent from the fourth quarter of 2009 but up 5 percent from the first quarter of......
- Real Estate Investors Re-enter Market as Prices Fall Many real estate investors that have been out of the market for many years in states where prices had mushroomed are back into the market picking up some great real estate deals. They are finding......
- Builders stabilize as lower prices drive sales Home builders reported encouraging signs of stabilization in the housing market, but they cautioned that foreclosures and rising interest rates cloud the outlook. Two big builders, Toll Brothers Inc. and Hovnanian Enterprises Inc., said losses......

