|
Redfin Real Estate Forums :
Seattle :
General Query
|
|
|
|
|
|
|
General Query
|
|
Jazzman
Regular Contributor
Posts: 354
Registered: 02-12-2009
Message 1 of 1
Viewed 171 times
|
|
|
I'm mostly on the LA forum, and am curious about the experiences in other parts of the country. It's probably, broadly a similar picture, with different shades and overtones. In southern California, the tax credit, and low rates has been a source of frustration for first time buyers, who find themselves in bidding wars with cash investors. More expensive homes still seems to be sitting, listings are low and prices still need to fall to make them affordable. There's quite a lot of chatter about a shadow inventory, that is being filtered slowly onto the market to keep demand high, and prices buoyant. There seems to be no let up in foreclosures, and unemployment figures don't look good. However, investment opportunities seem to be confined to trustee sales, and rental returns for normal market prices are not very attractive, partly because rents have come down due to overcapacity. What's the experience where you live? Are there any good deals to be had anywhere?
|
|
|
|
11-03-2009 09:42 PM
|
|
|
|
|
|
|
|
|
