Property Wire, reports that the housing market is on the upswing for just about every US region except the Northeast.
This is part of a review of the past 3 months of data with a 2% increase coming in January.
The Detroit area, which has experienced a drastic decline actually saw a 14% gain.
It's still hard to tell if we have bottomed out or if we're in for anther dip. Real estate reports are like Medical studies which show that something is great for you one week and the next week, you might get cancer from it. Arghh!
Since we don't know what's going to happen, it's still important to buy smart:
Reduce and limit risk (wholesaling etc)
Buy right (conservative ARV's and add fudge factors for repairs and other expenses)
Cash flow is paramount. Whether you buy and hold notes, wholesale, whatever- good cash flow will see you through the hard times.
Dennis
This is part of a review of the past 3 months of data with a 2% increase coming in January.
The Detroit area, which has experienced a drastic decline actually saw a 14% gain.
It's still hard to tell if we have bottomed out or if we're in for anther dip. Real estate reports are like Medical studies which show that something is great for you one week and the next week, you might get cancer from it. Arghh!
Since we don't know what's going to happen, it's still important to buy smart:
Reduce and limit risk (wholesaling etc)
Buy right (conservative ARV's and add fudge factors for repairs and other expenses)
Cash flow is paramount. Whether you buy and hold notes, wholesale, whatever- good cash flow will see you through the hard times.
Dennis
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