Expert Says Time May be Right for Aggressive Investors
By Constantine Isslamow, "Training and Accountability"
(RE/MAX Eastern Realty Inc. Brokerage)
The time may now be right for aggressive investors looking for opportunities in the real estate market, according to Local Market Monitor, a Cary, N.C.-based real estate forecasting firm. “Some housing markets are close to rock bottom, and investors with a good tolerance for risk should be looking for opportunities to invest,” said Ingo Winzer, president of Local Market Monitor. “Conservative real estate investors should probably wait a bit longer until the economy becomes a little more stable.” According to the firm’s latest National Economic Outlook, released in June, demand for housing is still weak and will remain so until the unemployment situation across the nation improves. “Once the market stabilizes or turns around, asking prices—especially those on rental properties—will be q...
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