Kevin Chinnock giving Top 10 forecasting tips for analyze Real estate marketTopic: Real Estate Technology
Nationally, 2010 witnessed an unavoidable tsunami in short sales and
forecloses for numerous investors, lenders and borrowers, as reported in mainstream
media. Here are the top 10 forecasting tips for analyze real market in the coming days.
1. Every year through 2015, there would be $ 250 to $ 300 billion in loans which
would emerge as dues from chopping centers, malls, office buildings, manufacturing
facilities, self storage, family apartment buildings, warehouses and commercial
properties, according to several finance companies and professional services
2. Sluggish job growth, scarce capital, declining rents and high vacancies would
continue to mount stress on commercial sectors across the country. Despite spurts
towards some positive activity, it could take till 2010 for witnessing sustainable
recovery for getting a foothold in the country.
3. However, adversity often begets opportunity. These more than negative predictions
and less positive economic conditions can create a chance of a lifetime for an
investor in 2010 and the next. The value of commercial properties are at their all time
cyclical lows, giving perhaps the best environment for acquisition the country has yet
4. Not to get overtly excited, as not all the notes becoming due would default. Several
investors would become successful in refinancing. Other would find buyers for
avoiding default while still others would work with lenders for short sales. There
would certainly be investors who would by bank-owned and foreclosed properties
which lenders put back for sale at bargain prices.
5. Finance and investment companies have also projected that commercial property
foreclosures would accelerate across the country. For building up their reserves for
losses, financial institutions have delayed “dropping the hammer” on distressed
borrowers. Following government bailouts, they are now ready for taking action.
6. Due to falling rents and higher vacancies, the country’s commercial real estate values
have started to reflect deteriorating financial performances in several regions of the
country. Problems regarding maturing debt and inability towards securing finance
would lead to aggravating defaults by several investors.
7. Loan defaults would continue and in many cases, increase at an unbelievable rate this
year. We could also anticipate the number of short sale and bank owned opportunities
to be in abundance throughout the next two years. Despite being an unfortunate
situation for distressed owners who might be forced to dispose their properties or
lose them at foreclosures or short sale, it would bring a wave of opportunities for an
investor who would play an important role in the correction.
8. These well funded and well financed investors would be snapping up bank owned,
bargain priced and commercial short selling opportunities.
9. Property prices are likely to continue their decline through 2010 despite building sales
increasing. This is largely due to the number of distressed properties sold at depressed
10. The silver lining is that the present slowdown would be a great time to strike get
bargains. No wonder, most millionaires in the country were made during the great
It’s needless to say that the above pointers are not definitive and neither are they
prophecies. With every move in almost every industry linked to global ripples, the real
estate or property market might witness a revival, earlier than expected.
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