A Property Managers Dream: An Expanding Number of Rental Houses
Having a LARGER # of rental homes is a goal for me this year.....I won't be marketing to owners with UNsold homes and will target DIY landlords who KNOW the joy of having an investment property.
Posted on 22. Jan, 2013 by Marc Courtenay in Real Estate
It’s official! Home prices are on track to have their first yearly gain since 2006. This would make it the strongest year of price growth since home prices began to plunge, reaching their nadir in 2009. The Commerce Department said on Dec.27th that new single-family home sales climbed 4.4 percent in November to a seasonally adjusted 377,000-unit annual rate.
That was very close to analysts’ forecasts of a 378,000-unit annual pace. Many of these homes were purchased by investors who turn around and rent them out to the many former homeowners who now need to find houses to rent.
Yet on the same day the Conference Board said that U.S. consumer confidence fell more than expected in December, hitting a four-month low as the so-called “fiscal crisis” depressed what had been a growing sense of optimism about the economy. CONTINUE READING...
Zach Devine, Marketing
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