Should You Buy, Sell, Or Hold Onto Your Real Estate?
SOURCE: CNN
With the world of real estate confusion it has become difficult for home owners to know what is in their best interest in terms of keeping their homes, much less understanding what their home is worth.
There are many aspects in determining the value of a house. Some of the factors are the size of the house, number of rooms, if there is a yard are just to name a few. Economists look at interest rates, employment, population growth, but the best guide to home values is rents.
The market had to fall from the inflated home prices in order to restore the normal, long-term relationships with rents. Rents serve as a marker to what actual homes prices may be.
In other words, while prices soar from time to time, sending the ratio to exceptional heights, sooner or later the relationship is bound to return to its historical average."
"So what are rents saying about home values today? To answer that question, Fortune worked with Moody's Economy.com to estimate adjustments needed to get prices and rents back in balance."
Read full report »
With the world of real estate confusion it has become difficult for home owners to know what is in their best interest in terms of keeping their homes, much less understanding what their home is worth.
There are many aspects in determining the value of a house. Some of the factors are the size of the house, number of rooms, if there is a yard are just to name a few. Economists look at interest rates, employment, population growth, but the best guide to home values is rents.
The market had to fall from the inflated home prices in order to restore the normal, long-term relationships with rents. Rents serve as a marker to what actual homes prices may be.
In other words, while prices soar from time to time, sending the ratio to exceptional heights, sooner or later the relationship is bound to return to its historical average."
"So what are rents saying about home values today? To answer that question, Fortune worked with Moody's Economy.com to estimate adjustments needed to get prices and rents back in balance."
Read full report »
