Commercial Real Estate and Farms Buoy Economy
June 27, 2008
An interesting spotlight on a real estate market where commercial real estate and farms are buoying the economy. It provides a general overview of the residential real estate market (which is generally down overall), and provides a relative comparison to the commercial real estate market (which is generally up). Agriculture and farms were strong as well with an overall increase by as much as 25% for certain crops.
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Real Estate Quote of the Week
"I often hear remarks from agents like, “the bank sold that house really cheap - 30% below market value”. I don’t agree with that kind of statement. If various banks are the only sellers selling in an area and they are selling all of their houses at a perceived “below market” sales price - perhaps that IS the market for that product in that area. A good price fixes any of the various bad conditions. There is no good reason to take (or keep) a listing that isn’t going to sell."
Russell Shaw - in AgentGenius from Phoenix AZPolls
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