December 2008 Real Estate Statistics Report and Indicators
The end of the year is breathing down our necks right now and the real estate market stats for December are already here as provided by our friends at John Burns Consulting.
Yet again… a bit of the same ‘ol story… but this time there’s indications that housing is becoming more affordable in many parts of the U.S. There are still pockets of markets where housing prices are still relatively high… but I see this trend of affordability keeping on in 2009.
Enjoy!
- Trevor
December 2008 Real Estate Statistics Report and Indicators Report – Free Legal Forms
Hey, my name is Trevor and I'm the founder of The REI Brain and a real estate investor since the age of 21. Right now, my focus in real estate investing is multi-family income properties and I have plans on moving more into the commercial real estate investment world in 2008 and beyond. 
Hey Trevor..
I have a four plex for sale in Las Vegas that actually cash flows and I’m just shaking my head on why it is still available for sale.
Pretty scary when investors don’t want to put down 20% on a four plex available for sale for $275,000 with the units renting out in the $700 range…
Hey Paul,
Bummer man… it is scary… but the truth is that those investors who were in the past buying 4 plexes were the “mom and pop” investor and/or weekend warrior investor… and a huge majority of them were borrowing 90+% to buy the property.
Now, those 90%+ LTV loans for investment properties are gone and the mom and pop investor can’t get the financing to buy it… and they don’t have the 20% to put down. 4 plexes are right on the fringe… my guess is that when you’re selling a 50+ unit it may be a bit easier to find a buyer. Just a hunch though (I could be completely wrong too
Chat soon,
- trevor