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Options Investing - Giving Real Estate A Try? | PowerOptions Web Log
The real estate market in the U.S. has experienced significant price declines in the last five years, dropping as much as 40% in some areas of the country. The hardest hit markets are California, Nevada and Florida. These markets experienced some of the fasted increases in real estate prices starting in 2004; hence it is no surprise that these markets have been hit the hardest. Prices are now back down to their 1991 levels, so why aren’t people rushing to purchase properties that a few years ago, at much higher prices, were thought to be great deals? A combination of factors is inhibiting the bottoming out in the real estate market and the return of investors. Three of these factors are: extremely tight credit, the unemployment rate and the continuing decline in real estate prices. Why would a consumer purchase real estate if they could potentially buy the same property...