Re: Investment in Real Estate so far not so good
Scott McCaig
5/12/2011 1:14:03 PM
And it depends on what your play is. REITs vs. individual properties? Stable income vs. value-play (e.g. rehab), vs. development? Also, the local markets vary all over the place. You really need to get to know a metro market with all its quirks.
Re: Investment in Real Estate so far not so good
TelecomFreq
5/12/2011 10:53:15 AM
Granted the market is far from being close to normal right now, but i do think we are in the long, slow climb up from the bottom. I have always looked at real estate as a long term game anyway, so from my point of view holding property for a long period of time is acceptable.
Re: Investment in Real Estate so far not so good
tokyogai
5/12/2011 7:08:21 AM
I hope it is only a few years, but whn I look at distressed inventory and what is coming along in the pipeline, it may be longer than that. If you enter this market, be prepared for a long wait.
Re: Long,slow climb
PAW
5/12/2011 1:02:46 AM
Yes, if average sale prices climb, it will be a sign of renewed strength for the housing market but the reality is that Real estate values continue to slump as foreclosures undermine prices.
Investment in Real Estate so far not so good
Value Hiker
5/12/2011 12:03:37 AM
I did some bottom fishings in real estate related companies like VMC, PHM, and HD, so far the return is not so good, even worse than the return of SPY. I will stick to my position since I believe eventually the real estate will come back. But it will be a long time, maybe couple of more years.
Re: Just needs a jump start
TelecomFreq
5/11/2011 5:13:24 PM
I just had to sell a house due to a relocation and we did very well, there were houses in our area that had been on the market for over a year, we were lucky and our house sold in just 26 days. it worked out good for us, i am hopeing this is a sign of things to come for the market.
Re : Real Estate Shows (Small) Sparks of Life
yalanand
5/11/2011 11:34:09 AM
Despite slight upticks in home sales and construction, the housing sector is still in the doldrums as supply continues to far outweigh demand for homes. Some buyers are still finding it tough to get a mortgage. Lets hope things improve soon.
Re: Just needs a jump start
Tenacious
5/11/2011 9:02:04 AM
So you're the homeowner who sells just before the market wildly appreciates? Just wanted to introduce myself. I'm the guy who buys just before the market crashes!
Long,slow climb
tokyogai
5/11/2011 8:58:34 AM
I think that the market still has a long way to go until it is healthy. There may be a few signs of life, but the inventory of foreclosures and short sales continues to build and in many places we have seen a " double dip" that could be prolonged. It is wishful thinking to believe things will be " back to normal" in the near term.
Just needs a jump start
AskAsa
5/11/2011 8:51:13 AM
The real estate market has strange dynamics. From a consumer perspective, it seems as if it can change overnight. I was trying to sell a house in a dead market in the mid-90s. We'd go weeks without a showing. Then, for no apparent reason, we had a dozen showings in one weekend. We sold the house (right before the market kicked into high gear, of course!) But the point is we just have to remain confident. Once prices start going in the right direction, activity will pick up again.
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