real estate investors: What Will Cause the Housing Market To Recover (And it will)
- 02/27/10 12:01 AM
We all know where we are today in terms of equity losses and real estate values being in the tank. Each state has it's own issues and every county is a micro economy with its own economic situation. As the saying goes, its a local business. Although we will all recover eventually, some are recovering and growing now. Others, due to natural and other resources will recover quicker and some will lag behind for quite some time. We will recover as a nation, and hopefully we will emerge stronger and with a cleaner environment for our children. Below are a couple of … (14 comments)
real estate investors: Ocala Real Estate Activity
- 11/01/09 09:07 PM
The latest sales activity shows that although the Ocala real estate activity has increased substantially since the same time in 2008, the prices of homes selling is down and not surprisingly, the number of foreclosures selling has drastically increased. In through October of 2008, the number of homes sold is 2279. The number of homes sold through October of 2009 is 2739, an increase of 460 homes sold. However, last year only 661 of the homes sold in the Ocala/Marion County MLS system were under $100,000. This year, the number of homes sold under $100,000 increased to 1313 homes. That's an increase of almost 100% … (5 comments)
real estate investors: The Local Long Term Investors are on the Buy. Does this mean a bottom?
- 10/19/09 03:27 AM
The local investors in our area are once again pooling their money with LLC's and buying up homes for cash. I was beginning to think nobody had any money, but I was wrong. Now that the prices have gotten so low that a buyer can get a good cash on cash return for a rental property, we are writing contracts without showings for cash with a 10 day due diligence period. It's a beautiful thing to help clean up the mess. I think it will still a while before the builders start building again here in Ocala, but I am also seeing lot … (7 comments)
We all know where we are today in terms of equity losses and real estate values being in the tank. Each state has it's own issues and every county is a micro economy with its own economic situation. As the saying goes, its a local business.
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