March 2009 Real Estate Statistics and Indicators Report
The story of early 2009 is the unemployment rates and how we’re up over the unemployment rates from the early 80’s (which isn’t a good thing). You might be asking why unemployment rates are all that important to the real estate market…
… simple. The more people that are unemployed in a particular market (Detroit, Michigan for example) the less people that are going to be able to pay their mortgage, get a home loan, buy homes, etc. The less people able to pay their mortgage, get a home loan, buy homes… the higher the supply of “for sale” real estate there is… and the lower the prices will go. So, if you’re looking for low real estate prices… look for places with high unemployment. However, in these areas prices are likely to stay low or even drop more until the unemployment rate rebounds.
On the other side… the lower the unemployment in an area… the better the real estate market tends to do. Make sense?
Check out this month’s local real estate stats report for March 2009… and plan your investing accordingly.
Enjoy!
- Trevor
March 2009 Real Estate Statistics 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. 
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