Need some opinions on the Real Estate Industry1) Industry Cycle - What stage do you think the real estate industry is at and why?2) What factors will determine your industry's performance and growth prospects in the next few years?3) What is your forecast for your industry's performance and growth prospects for the next few years and why?
Market trends and country economy growth these two factors mainly decide that the wheather real estate sector is booming or declining or remaining the same
Industry is in a leveling cycle. The real estate market took an upturn in 1990 and many profits were given to the sellers which were not earned. Now the market is in a give back mode which the sellers are in losing profits and buyers are the takers. The rents are high but the price of homes are low. this is a buyers market and will continue for another 2 and one quarter years or June 2013. As taxes are lowered new investors and buyers will move to fill the vacant homes and properties. New home starts will begin in 2013 again but very slowly as the builders are still at losses. Growth in real Estate is slowly growing as the homes are either destroyed or bought up. The only factor is resale and area.
First of all you're going to want a truly property sellers license. Then in phrases of having past the bounds, if you'll have a few certificate in asset making plans, and identify your picture as a advisor as an alternative than a truly property agent by myself, you're going to draw in purchasers like something. Just desired to explain my function once more, it’s no longer a have to. It’s for going the additional miles.
