Oct 14, 2016
Rents are falling too.
We have some interesting tidbits of info floating around out there that are worth looking at.
Lumber prices are up. This usually means more construction is going on.
Homeowners expectations on what their homes will sell for are getting closer to reality, this could spell a better environment for buyers who want to be more aggressive.
Biggest story of the day is the claim that a recession is right around the corner. Rents are down in the biggest markets in the third quarter. The number of apartments that came on line in 2016 was pretty crazy in the greater San Francisco area. There are even incentives being offered in areas of San Francisco! However, the supply of homes for sale is still ridiculously low.
All of this together spells some interesting opportunities for buyers, sellers, investors and real estate entrepreneurs.
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