Market Forecast 2011

more+
less-

There is a scene in the recent comedy Date Night where the real estate broker Claire Foster, played by Tina Fey, is showing a Tuscan-style mansion to a couple of prospective buyers. Claire tells the couple that the mansion was originally listed at $1.8 million, but the listing price has been reduced to $320,000. The couple reply that they think the price will probably come down more. Claire responds with disbelief, “Good call, better to wait it out.”

In this market, and continuing into 2011, the majority of buyers will demand “instant” equity and be attracted to properties they believe are undervalued or have great upside potential. Buyers will stay on this course until there is a general belief that either distressed properties are no longer available for purchase at will, or the economy has corrected itself and much of the available inventory has been absorbed. Where does this leave homebuilders in the interim?

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Lane Powell PC | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×