Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
Rather than slashing prices, sellers are adjusting to not getting an inflated price over last year, and longer market times.
In a slowing market, I feel a better investment is to own property that is premium as well as exclusive.
I recently completed a long road trip through the midwest and parts of the south, and was astonished at how different the real estate market is from California.
During my recent road trip across the US, the #1 thing people said to me was “I want to move to California!”
While property sales in all areas continue to slow, the Residential Income (Multi-Family Home) market in the Coachella Valley has come to a dramatic halt.
I have selected four geographic areas to monitor the real estate market in Southern California. Look for a post each month with interesting statistics about these areas.
A broker doesn't create the selling price of a property -- the market does. The broker's job is to determine the best strategy for your property, given the current market conditions.
Alan Greenspan provides his thoughts on the market, and his successor Ben Bernake provides his own.
Some tips for those of us who like to swim upstream.
The first time I heard about a blog was from my son four years ago. It sounded really different and quite unusual, and I never thought at the time I'd end up writing my own!
With the proper planning, real estate is almost never a bad investment. But this is not the time to expect double digit appreciation on a property, and 'flipping' isn't planning -- it's speculating.
Since everyone's been telling me that California property is overvalued, should I have invested in all that undervalued property in Danville?
I believe very strongly that there is money to be made in any real estate market. But to do so, it’s important to understand the current market and not let past expectations get in the way.
Zillow brings together a lot of interesting information in a pretty package, but it has some work to do before I retire.
Multi-family properties have been the hardest hit segment in the desert area for number of sales during the current real estate downturn.
I am always frustrated how the media and other trade groups use statistical data to prove the point they want to make, thus I like to do my own statistical research.
It can be very profitable purchasing bank owned properties in the current real estate market.
Palm Springs, Cathedral City, Desert Hot Springs, Palm Desert, Indio aka The Coachella Valley
I have discovered I like hearing from my agent, even if it just to say hello.
Some of the most outrageous episodes in property ownership that the owners lived to tell about.
Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com