Do you know about - Market Predictions for Minneapolis, MN in 2011 from Platinum Properties Investor Network
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Market Predictions for Minneapolis, MN in 2011 from Platinum Properties Investor Network Tube. Duration : 3.05 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . Minneapolis, MN: -10.0% Return on Investment (2011) Market values in Minneapolis grew significantly from 2000 through 2005, and declined slightly until a larger correction was created by the 2008 financial crisis. In 2009, values appeared to stabilize but went through up and down swings as foreclosures came onto the market following and pulled the prices back down. The market is beginning to show signs of stabilization, but the regression back to fundamentals is likely to take a bit longer than many had anticipated. Currently, approximately 54% of real estate listings in Minneapolis are from foreclosures[1]. One of the effects emerging in 2010 that we have seen in Minneapolis is pricing pressure as banks continue to bleed off their inventory of foreclosed properties and values regress toward a more linear long-term trajectory. Our models estimate that this effect will continue to place pressure on prices in Minneapolis, resulting in a value bottom that takes a bit longer to establish than in some of the other market areas. Population in the city has remained relatively flat throughout the last 10 years. The city represents an important area of commerce in the northern Midwest, but is not a focal point of in-migration and population growth that are typical of vibrant investment markets. Investors in Minneapolis will be challenged to generate attractive rates of return, since the market rents are not expected to be sufficiently large to cover operating expenses and mortgage ...
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