Monday, January 14, 2008

2008 Market Friendly to Investors

Lackluster predictions should not discourage investors from participating in the 2008 market; FoxBusiness.com states in its summary and review of the Grubb & Ellis 2008 Global Real Estate Forecast that "[t]he ongoing downturn in the housing market will continue to be a boon for the multi housing rental market in 2008 as more households choose or are forced to rent." The Grubb & Ellis report contends that the market for commercial and industrial investment properties will remain relatively strong.



As the solid buyer's market continues to drive down prices, we see a significant advantage for buyers who may have been shut out of the market by the "bubble" prices of the last several years. Industry experts set predictions for a turnaround in the market for single family residences at anywhere from mid-2008 to five years out.





Read more:
FoxBusiness.com
NCTimes.com
GlobeSt.com



For Southern California residents, membership with the Real Estate Investors Club of Los Angeles offers free access to monthly meetings ($29 for non-members) as well as members-only meetings; seminars; books, CD's, and pamphlets; there are 4 different levels of membership, with annual dues ranging from $149 to $797.
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