• Why Property Values Continue to Decline

    17Jun
    Categories: Uncategorized Comments: 0

    As expected, forecasters are saying that there will be more home price cut sin the near future due to the growing problems associated with the housing market. Foreclosures are at an all time high of 1.5 million and mortgage defaults are running at a high 65%. Malls close and vacancies in rental properties continue to grow as commercial property owners try to keep existing tenants to stave off bankruptcy themselves. Commercial property buyers on the other hand, the ones who managed to stave off exposure to the housing crisis, are going on buying sprees, but these are mainly strategic purchases without much lavish investments of previous years. Even the biggest property investors are jumping on chances to acquire properties that have not depreciated so much in terms of price, yet with prices still expected to drop, more bargains may be in sight.

  • Rentals Drop Due to High Unemployment

    11Jun
    Categories: Information, News & Updates Comments: 0

    High unemployment has many rental properties in metro areas vacated leaving property owners to lower rent to get them occupied. As with many city centers that have seen a steep rise in rent, the good times may be over for the ever increasing numbers of people being laid off is no good news for them. Areas such as crowded cities have normally been known for high rentals but with no bites, they have to follow suit and try to entice renters with lower rates. Though some properties are still fetching high prices, more common apartments and middle class accommodations have been bearing the brunt of the recession, with no renters around they have to find better ways of dealing with the recession such as sub-leasing their properties to more than one tenant.

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