Charting new terrain: how foreclosures & the mortgage crisis are transforming the rental market.: An article from: Journal of Property Management [HTML] [Digital]

Diana Mirel (Author)

Editorial Reviews

Excerpt. © Reprinted by permission. All rights reserved.

HOME FORECLOSURE FILINGS CONTINUE TO INCREASE AT UNPRECEDENTED RATES--AS OF SEPTEMBER 2008, ONE IN EVERY 475 HOUSING UNITS RECEIVED A FORECLOSURE FILING, ACCORDING TO REALTYTRAC. WITH THE MORTGAGE AND CREDIT CRISIS MAKING HEADLINES EVERY DAY, real estate managers in the residential rental sector cannot afford to ignore changing market conditions and must recognize the impact foreclosures have on this part of the real estate industry.

As worrisome as this trend is, foreclosures in today's volatile market offer unique opportunities and possibilities for real estate management professionals, specifically those managing rental properties.

Product Details

• Format: HTML
• Printable: Yes
• Mac OS Compatible: Yes
• Windows Compatible: Yes
• Handheld Compatible: Yes
• File Size: 14 KB
• Digital: 8 pages
• Publisher: Institute of Real Estate Management (February 10, 2009)
• Required Free Software: Any web browser