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Good news for Residential Investors
As per Bloomberg and the famous Realtor Bob Wills, the prices of residential properties fell further to 2.4% in 20 major states of the US. I guess instead of getting into depression after reading this, one can look for the opportunities store in there for them. I mean specially for the people who are in real estate investing business or are willing to enter into it, they can buy properties at lower prices and after rehabbing can sell them for profit. As the things are going to get better in the last two quarters of 2011.
What you guys think? Is it a good opportunity or not? And what would be the best thing