Jeannie Niles Real Estate Investment
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"The worst of this may well be over"
I just came across this recent comment made by Alan Greenspan, (former chairman of the Federal Reserve), in a recent speech on October 9, 2006:
There is a good chance of coming out of this in good shape, but average housing prices are likely to be down this year relative to 2005. I don’t know, but I think the worst of this may well be over.
You can read more about his speech here. The article also points out the slight differences in opinion between Greenspan and the new chairman, Ben Bernanke, who said that the market is still undergoing “substantial correction.”
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Seven properties went into escrow in October.
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For Coachella Valley
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Multi-family properties have been the hardest hit segment in the desert area for number of sales during the current real estate downturn.
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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.
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It can be very profitable purchasing bank owned properties in the current real estate market.
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Some of the most outrageous episodes in property ownership that the owners lived to tell about.
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Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
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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
