From all the articles and expert opinions I have been seeing and hearing, it looks like the worst is yet to come in real estate market in the way of foreclosures. The number of houses on the market because of repo's will be somewhat higher as the numbers get worse for the mortgage industry. At present, the jobs market is not looking as rosy as many thought it would. You add that to the housing slump and the credit crunch and the dreaded R word (recession) is suddenly a possibility.
All is not doom and gloom however, a lot of money can be made in a poor market. whether you are talking about stocks or houses, 1 man's default is another man's treasure. Not only will it be wide open on great deals for lower priced foreclosures, there will be a better than normal pool of renters to fill them with. One could create a nice portfolio of rental properties in a short period of time if you have the capital.
Anyway, the next 24 months will be anything but boring, I can assure you of that!
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