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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (998)	9/24/2012 6:58:06 PM
From: tejek	Read Replies (1) \| Respond to of 2722

And the limited supply has helped lift home prices. The median home price in August was $187,400, according to the Realtors' group said. That's slightly lower than July but 9.5 percent higher than August 2011 — the largest year-over-year price increase since January 2006. Oops.......lower than you thought but still I think you could make a profit so long as you could turn them fairly quickly once they are on the market. Some anecdotal info re the market here: not seeing a lot of upgrading.........people painting or replacing their roof...........4 years and nothing or very little home improvements. Still not seeing a lot of out of state cars. More than two years ago but nothing like before the recession. For homes to turn over fairly quickly they have to be priced right and in good locations. Near where I live there is a 4 lane street that's fairly busy but all single family homes. Homes are not turning quickly at all.