Jeannie Niles Real Estate Investment
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Interest rates going down?
Bill Gross, bond manager with PIMCO, feels the fed will lower interest rates substantially in the forthcoming year in order to put housing costs back in line with affordability. Yes, I know it can be boring reading, but give it a try.
He states the federal government completed a study in September 2005 that basically says a reduction in interest rates is better than home prices declining in the double digits. Check it out.
Understanding Statistical Info
We keep hearing how the foreclosure rate in California is 500%+ over 12 to 24 months ago. In 2005 and early 2006, foreclosures were practically non-existent in California.
Not to diminish the foreclosure issue and persons losing their homes, but when you have a very low basis in one period, percentages skyrocket! Make it your business to really understand “what the headlines mean.” Attention getting headlines sell newspapers/magazines!
I welcome any discussion/comments or other articles that you find of interest.
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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.
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
