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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: sense who wrote (2646)5/15/2019 12:10:38 AM
From: John Vosilla  Read Replies (1) of 2722
 
The flow of new Chinese money that has been inflating real estate in many places, has been drying up.

I just checked on realtor,com months of single family homes currently for sale (not pending) and came up with six months for NYC, three months for Seattle and two months for Silicon Valley..

Condos NYC two years, multifamily one year
Condos Seattle 1.5 months, multifamily two months
Condos Silicon Valley 1.5 months, multifamily 1.5 months

I have mentioned since 2016 high end condo market in NYC and Miami especially dire but seems the turnover of inventory has been orderly not spreading much to other areas YET.

I remained surprised the resiliency of the west coast housing markets. Can NASDAQ crash ahead of major weakness in Seattle and Bay Area housing??
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