Multi-Unit Market Update

One of the market segments that got hit the worst during the collapse of the real estate bubble was income property.  Financing dried up and prices and sales collapsed.  It has been over a years since I updated my charts.  Here are the findings:

Our first chart show sales volume.  It is pretty obvious where the peak and the trough are.  We seem to be plodding sideways.  Some of this may be attributed to the fact that banks are still requiring sizable down payments (around 25%) on multi-unit property.

This next chart is telling because it dissects the market to tell us how transactions are occuring.  Notice the surge in seller financing and cash transactions just as conventional financing plumetted.  Today we see the opposite with conventional returning and seller finance ebbing.  Interestingly, cash still has a significant yet slightly shrinking presence.  This indicates to me that the market is still mending.  However, a couple more years of this trend and cash purchases should decline significantly.  

If you are in the market or an income property, CONTACT ME and let's find one that meets your needs.