Dean Rizzi

Is Rental Real Estate the Next Big Opportunity?
April 27, 2011 · · 2 Comments

It could very well be. Residential rental vacancy rates are below the 10-percent mark, where they had been lodged for most of the past three years. Peggy Alford, president of Rent.com, predicts that by 2012 the vacancy rate will hover at a mere 5 percent.
Since 2002, rental rates have been flat, and down of late (inflation-adjusted). If Rent.com projections are anywhere close to expectations, we could see a rise in rents of 15 percent over the next two years. That would be a significant reversal of fortune: rent hikes have averaged less than 1 percent annually over the past decade, according to Commerce Department statistics.
Pent up demand appears real: More than 1.2 million young adults moved back with their parents from 2005 to 2010, according to John Burns Real Estate Consulting. Many others doubled up together. Now that the recession is over, many of these young people are ready to find new living quarters, mostly as renters. Where there are renters, there must be property owners (even if they are not occupants). As rental rates increase, the capitalized market value of property increases too – that means rising real estate prices.
We’ve frequently noted that opportunities always abound, regardless of the perceived direness of current circumstances. The outlook in the rentals is another reason we think they abound in the residential real estate market.

Dean Rizzi
www.drlending.com

What is in the “TRENDS” of California Real Estate?
October 16, 2010 · · 2 Comments

Success in today’s Real Estate Market depends on people, technology, and a competitive edge! As a successful REALTOR®, I have to keep up with the latest information on the California housing market. At the same time, I also feel it is imperative to share this knowledge with my clients and provide with good information so they can make an informed decision when they are ready to make an investment. Let’s take a look at what’s going on in the real estate market now…

Recently, TRENDS Newsletter (published by the Economics Department of The California Association of REALTORS®) issued an article titled “Good for the Buyers and Good for the Economy” that mentioned a few interesting points:

First, the bad news (for the market but not so for the buyers)…      Read more

Dean Rizzi

It’s Getting Better All the Time
May 18, 2009 · · 7 Comments

It’s Getting Better All the Time

Federal Reserve Chairman Ben Bernanke has forecast an end to the US recession, which he believes will be kaput before 2010. Bernanke also told the Congressional Joint Economic Committee that the collapse in the housing market, which began three years ago, may have bottomed out, something we’ve been saying for the past month. Read more

David Wang

Are Home Auctions a Good Deal for Buyers.
December 19, 2008 · · 3 Comments

                

Any type of real estate investment can be profitable.  Like the stock market real estate is about timing.  Auctions have become more prevalent in recent months and many buyers have asked if auctions are better deals than properties listed on MLS.

This very excellent question simplifies three bigger topics.  First are you interested in just the purchase price, without concern of repair or remodeling costs? Next, have you done all the research you need to do with regards to the property, traditional sales have a contingency removal period.  Finally will you be satisfied in focusing on the least desirable properties on the market.       Read more