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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: MoneyPenny who wrote (1836)7/25/2013 2:02:35 AM
From: John Vosilla  Read Replies (1) of 2722
 
Interesting today we have about 5M existing home sales a year equivalent to where we were from 1999-2001. Yet back then we averaged double the amount of new home sales compared to today.

3.bp.blogspot.com

Also liked this comment by CR that I believe few focus on. Another reason why it is worth paying attention to is it greatly impacts values,comps, appraisals and of course ability to get financing as we transition away from distressed homes in bad condition at low prices to mostly refurbished and updated move in homes like 10-15 years ago selling at retail.

CR 'I don't expect much of an increase in existing home sales (distressed sales will slowly decline and be offset by more conventional sales)'
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