August 2009 Real Estate Statistics and Indicators Report
Alright, the August 2009 Real Estate Market Report from John Burns Consulting is ready for ya…
The country’s recession has made the real estate market very volatile and difficult but it has practically burned out the construction business.
* Lending has become tougher so there are fewer spec houses built.
* The demand for new homes has really declined with people just trying to cover their month-to-month expenses.
* The vast inventory of homes in foreclosure offer better low cost investment opportunities than buying new construction.
The same holds true in the commercial market. If fewer small business owners are opening brick and mortar stores, real estate developers are hesitating to invest their time and money into building new commercial construction.
However, there is a sliver of hope! John Burns has compiled a list of the top 20 markets in the country based on the number of construction permits issued and there are a few surprises.
Enjoy!
- Trevor
August 2009 Real Estate Statistics Report and Indicators –
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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