Avatar's Blog
» Eye on the Ball
The news is in from my Band of Intrepid Brokers -the BIB (To join this elect group, email gillian@avatarfinancial.com and send your thoughts about the State of Investment Real Estate in the US today). Here are the places that brokers and lenders are becoming concerned about:
- Tampa, FL
- New Mexico (the whole state)
- Southern CA (the whole darned place!)
- Hosuton, TX
- and most of all...... Las Vegas, NV
Why are they concerned? Real estate prices have been soaring as elsewhere in the states, but the BIB is seeing signs of softening, overbuilding, excesive vacancy, slower sales, and other signs of a slowing real estate market.
What's still hot?
- Seattle - fancy that!
- NYC - still has space to grow
- Charlotte, NC - but this one's getting close to overbuilt, so keep a sharp out
Have your own ideas about what's hot and what's not in US investment residential and commercial real estate? Share your crystal ball results with Gillian. Together, we'll keep an eye on the future and optimize everyone's efforts in the hard side of lending.
