What Are Real Estate Values Doing in Your Area?

[Corey Dutton]

I’m trying to get a read on what real estate values are doing in each geographic area where we do business. It’s one thing to read reports compiled by third parties, but it’s an altogether different story from the agents, hard money lenders, or real estate investors on the ground in the area. I thought this would be the perfect place to ask this question.

Please share your opinions on how either residential or commercial real estate values are doing in your area now and what the future will bring. I’d love to hear from you!

[Rich Weese]

When everyone is getting on the train, I start thinking about getting off, and vice versa. I stopped buying in FL 6 months ago, due to investors bidding up the prices too fast/much. This does make me worry about a bubble, even if it is small. The thing that offsets that concern at present, in my mind, is the unbelievable demand for rentals! As long as that stays high, all is well. With 250 doors and ZERO vacancy, it is hard to complain.
We are being told that an additional onslaught of REO's may be placed on the market, so that may effect status. Again, another offset to that may be the demand by renters that are still out there. When do the 2 level out- renters and inventory? That will cause the second obvious thing to happen- over construction of new rentals!
Not picking a side here. Just mentioning the wierd economy we're in with new trails being travelled for the first time. Find your niche that works, but to be safe, keep looking over your shoulder and be prepared to change the niche before it turns on you. RESERVES always help you to sleep better at night. Don't be a fool by going all in currently. Live to fight another day and time, imo. Rich