In this Real Estate Now, we visit how macro trends across the country affect real estate, what the outlook is for Chinese real estate investments in the States are, how VC Funding is transforming the real estate industry and more..
“The health of the housing market can vary substantially across different parts of the county. In fact, real estate sales can fluctuate widely from one city to the next. Like politics, all real estate is local, and even though they might be blowing the doors off in one county, just a few miles away, another county might see sales slumping.”
” However, as a result of continued poor economic growth, Chinese investors have been pushing into higher yielding opportunities abroad, especially in real estate.”
“Houston’s economy — particularly its housing market — has remained surprisingly resilient, even as energy companies declare bankruptcies, cut thousands of jobs and shut down rigs, Dotzour said.”
“It seemed the best way to get a better price on a house was to just wait a few weeks for the inevitable price reduction. No one wanted to list their home for sale because they were anchoring to home values at the peak of the bubble. They couldn’t accept the new reality.”
“These small entrepreneurial businesses control an enormous market share. That said, their independent nature means the industry has yet to consolidate to the level it could. Nor has the home buying process changed much in the last half century.”
Enjoy your read — see you next week! Do you have a response or is there a relevant article I should have included? Send me an email with all questions, opinions and suggestions to Karla@ChampionsSchool.com!
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