Printer friendly format
Wholesale market closes year with a whimper 1/21/2009 2:27:00 PM
Not immune from the economic downturn, the wholesale market in December was as grim as in other sectors as just 62 new properties came to market with 14 deals closing, that according to Houston real estate listing site MyHouseDeals.com.
December numbers were nearly the same as November's when 66 new properties came to market and 14 were sold. That represented a sharp 25 percent drop from October figures.
As previously reported, wholesale investors adept at scooping up bargains are perhaps waiting for the light at the end of the tunnel. With banks hoarding cash and job losses mounting, the end of that tunnel could be months away.
The wholesale market serves as a reasonably steady indicator of market activity.
 | | Wholesale Deals |
Data sponsored by www.MyHouseDeals.com (formerly HoustonInvestorNetwork), Your #1 source for bargain-priced investment properties in the Houston, Texas area. MyHouseDeals.com lists Houston Rehab deals, wholesale deals, fixer-uppers, and other real estate investments with up to $25,00-$50,000 equity per deal. Just go to MyHouseDeals.com now.
|
