One of many ways to check out trends across the nation, is to follow relocation/moving trends from moving companies. I have included two reports that have recently been published this month that shows moving trends from 2009 and back to 2007 or so. I just thought I would share my findings with the group.
http://www.upack.com/Press/PressReleases/2010/MovingTrendsReport.pdf
http://www.atlasworldgroup.com/migration/pdf/2009_Migration_Patterns.pdf
They are reporting that apartment vacancies are at an all time high, here in Phoenix area. There are more vacant houses then I have ever seen. Almost no new homes are being built. Where did the people go? Where are they living? Is this happening everywhere?
Appears May and June may prove very interesting. Sales were hot up until the tax credit first ran out in November. Sellers were upping their prices because they knew people wanted to beat the deadline, qualify for the credit, and would be willing to put a bit more on the table to accomplish that. With buyers pausing to take a breath, it is likely that scenerio will be repeating itself come April. But this time, it appears unlikely the government will again be riding to the rescue with an extension of the tax credit.
There is no market that’s perfect for investing. It tends to be more difficult to find bargains in rising markets because if the market keeps rising, the probability of selling the property quickly for a large profit increases. In contrast, when property values are falling, more so-called bargains become available. Yet you need to assess the true value of these properties based on when you expect to sell the property. So your purchase must be made at a steep discount to allow for a profitable sale later.
There is no market that’s perfect for investing. It tends to be more difficult to find bargains in rising markets because if the market keeps rising, the probability of selling the property quickly for a large profit increases. In contrast, when property values are falling, more so-called bargains become available. Yet you need to assess the true value of these properties based on when you expect to sell the property. So your purchase must be made at a steep discount to allow for a profitable sale later.
There is no market that’s perfect for investing. It tends to be more difficult to find bargains in rising markets because if the market keeps rising, the probability of selling the property quickly for a large profit increases. In contrast, when property values are falling, more so-called bargains become available. Yet you need to assess the true value of these properties based on when you expect to sell the property. So your purchase must be made at a steep discount to allow for a profitable sale later.
I read this in the December 23 Times paper. It's a bit of information that lets stalling investors like me and any others know that "WE" had better "GET IT DONE" or like Dean said "WE" will miss our window of opportunity. "Home sales head back to pre-ression levels".
Who is Dean Graziosi?
Are People Actually Successful?
Does Dean Practice What He Preaches?
What Deals Are The Students Doing Right Now?