May 14th, 2008
Commercial/multi-family business going strong
It’s hard to find anything positive to say about the residential real estate market. That’s not the case, though, with the commercial and multi-family side of the real estate industry.
It’s hard to find anything positive to say about the residential real estate market. That’s not the case, though, with the commercial and multi-family side of the real estate industry.
Sometimes I forget that the housing slump is not only impacting real estate professionals along with buyers and sellers, but other industries, too.
Surprisingly enough, in this severe housing downturn, several governments across the country are proposing increases in homeowners’ property tax rates.
According to the story, if you’re trying to sell a home in San Jose, Calif., you’re in luck. Forbes ranks it as the best city in which to sell residential real estate. The biggest reason? New home construction in the city dropped 63 percent in 2007.
Doesn’t building a mansion automatically leave a big impact on the environment?
One theme kept coming up: Real estate agents need to shine some light on the bright side of our current real estate market. They have to do this, the panelists said, because the news media are only focusing on the negative side.
And overwhelmingly, people I speak with are ticked off that the government is even considering helping folks who can no longer afford their monthly mortgage payments.
Writer Dan Van Benthuysen in a story published in Newsday, wrote about those home buyers who don’t mind moving five or six times, who can’t resist the call of another fixer-upper and who can’t stop imagining what it’d be like to live in that other home down the street, in the next town or in the next state.
The National Association of Realtors released their latest housing statistics earlier this week. And for the first time in a long time, the number of home sales actually rose.
An interesting story on BusinessWeek, written by Prashant Gopel, says that as it’s getting harder to sell homes, some agents are charging more to guarantee better results.
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Written by Dan Rafter [email] for b5media.
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