Jeannie Niles Real Estate Investment
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Why Did Real Estate Values Fall So Quickly?
Have you noticed how quickly we find out who the political winner is on election days? In times past, we waited late into the night while ballots were tallied.
With the efficiency of technology including the rapidity of information we now learn who the projected winner is within 10 minutes of the polls closing.
The stock market also encounters more volatility again because of information being so readily available.
When the news became negative every single day starting the second week of August 2007, the number of sales rapidly decreased. The decrease in sales further allowed prices to fall because of burgeoning inventory. More bad news comes on the internet and people become more and more fearful.
I believe this trend will continue until the news starts turning positive. I hope the prices come back as rapidly as they fell…….always a possibility!
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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
