Monday, March 30 2009
The article below describes best what kind of advantages can be gained from rental property. In today’s economic climate it is easier for owners of rental properties to find good tenants. We have several rental properties and not a week goes by without a phone call if we have any homes for rent. There are many homes for sale in Evansville which are ideal to be used as rental property. The secret in a good rental property is location. Desired areas provide a safe environment which renters prefer.
Please feel free to call me if you are interested in rental properties. You can reach me at 812-499-9234.
Rental Properties to Lead Recovery, Experts Say
Housing experts predict that multi-family rental properties and apartments will recover fastest from the current downturn, followed by housing in cities that didn’t overbuild.
The market is likely to hit bottom in the next few months, says Bernard Markstein, senior economist and director of forecasting for the National Association of Home Builders.
"Next year will see slow but steady improvement, as home builders are controlling their inventory," Markstein says.
Apartments and other multi-family residences will snap back quickly once businesses start hiring again, predicts Victor Calanog, director of research at Reis.
Baby boomers looking for retirement homes and first-time home buyers also will lead the way out of the decline, predicts Bill Singer, a securities attorney and trader who is a member of Forbes.com’s panel of financial gurus.
Source: Forbes.com, Madalina Iacob (03/18/2009)