Your Opinion on the Market?

[Nick Noon]

I'm not sure what the market is like in other areas, but I am finding in my area (northeast MA) that multi family properties are going very quickly.  Properties are quickly going "under agreement" soon after being listed.  I think with the low interest rates that people are starting to buy property instead of rent.  I feel like if you don't evaluate the property within a few days and make an offer you've lost it; especially the homepath properties.

I was talking with my father's fiance who is a real estate agent for Caldwell Banker and she was saying that they are waiting until after Easter when the snow is melted to start listing some of their portfolio, although she sells in a higher price point market where homes go for between $700,000 and $1,500,000.  

Just wanted to see everyone's take on the market and what they are seeing as far as how fast cash flowing properties are going.  

[Laird Wynn]

Here in Cleveland, Ohio the supply of good investment properties is tight in the middle to high priced areas with abundant opportunity for those with more tolerance for the inner city.  

In a tight market you have to get creative and find ways to get to the properties before they come on the market.    It's also worth remembering that even in a market with more supply than demand the good deals always go fast so you always have to go fast!