Jeannie Niles Real Estate Investment
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Headlines or Facts?
We keep hearing dismal reports that make great headlines about the current real estate market, but keep in mind that downturns are by location and not across the board. Southern california is looking pretty good!
From Housing market enters season of reckoning:
“We don’t think the market is in that bad of shape,” said John Karevoll, an industry analyst for DataQuick InformationSystems. “It’s just not in as good shape as it was two years ago.”
Some real estate markets are holding up remarkably well. In southern California, for instance, a mid-priced home sold for a record high of $495,000 in February, a 5 percent increase from the previous year, according to DataQuick. Although the numbers haven’t been crunched yet, Karevoll believes Southern California home prices reached another new high during March.
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Income property has once again become “Income property”.
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There are many small income properties available in the area. Prices here have declined over 50% since the peak of the market late 2005/early 2007.
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It’s possible to obtain some great apartment financing. 25% down payment and interest rates at 6% or slightly below.
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Cap Rate is an investment tool for analysis that enables an investor to compare one investment to another.
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Cap Rate is the best tool for determining the value of an income property.
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Some of the most outrageous episodes in property ownership that the owners lived to tell about.
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Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
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Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
