Home Sales Up, Prices are DOWN
The rebounding of the housing market can be interpreted in many ways with recent home sales going up, many saw that it was the end of the housing market slump. That was till figures for home process showed that in spite of the rise in sales, the prices of those homes being sold are dropping, in some instances up to 17% of their true values. These sort of figures have never been seen in history with home process that are so low in certain areas, it’s cheaper to buy existing homes than to build them. (more…)
What would you do if a rental property ends up in your possession, will you hold on to it or sell it? Outsource the management or have a hands on approach? Will you be ready for the tenant, trash and toilet problems? Being a landlord is a big decision specially if you are moving out and want to make your current home more profitable for you.