Las Vegas Numbers From The Field: Contradict Broad Media Data.
I have been wondering why there are such negative media reports on cities like Las Vegas, where we have seen increasing competition for the good bank-owned properties as of late. This would indicate that positive numbers would emerge, but the media seems to contradict it. Since I trust my people in the field a whole [...]
Study Shows Improved Rentals Even in Hard-Hit Markets
An article in the Wall Street Journal (by Dawn Wotapka 1/6/2011) , named “For Apartments, a Hot Winter”, cites data gathered from 82 major markets by Reis Inc., a New York-based research firm. The data indicates robust improvement in most apartment markets studied, including some of the hardest-hit, such as Phoenix.
Although the data relates to [...]
Home Sales Climbing
Here is an interesting article from Reuters, written by Lucia Mutikani and sent to me by Liam Gillen from the Orlando team.
We have started to see the upswing in sale in various markets. Undoubtedly the low interest rates are helping. The very low price points fostered by bank-repossessed properties are also luring in new homeowners. [...]
