new trends: Trends?? A light at the end of the tunnel! Multifamilies??
- 12/12/08 10:57 PM
I've been in real estate for 10 years and during this period I have watched prices double, certain neighborhoods become popular and multifamilies go from rundown and unwanted to 'hot'. In 1998 I could have have listed 50 2 family homes in our region. No one wanted one and they were cheap! Within a 3 year period, the inventory shrunk by two thirds and prices started climbing. Money is made on the lean side of the market. In a tough buyer's market, you want to have buyers because with big inventories and great rates, it's pretty certain they will find a … (6 comments)
I've been in real estate for 10 years and during this period I have watched prices double, certain neighborhoods become popular and multifamilies go from rundown and unwanted to 'hot'. In 1998 I could have have listed 50 2 family homes in our region. No one wanted one and they were cheap! Within a 3 year period, the inventory shrunk by two thirds and prices started climbing. 
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