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Economy drags on wholesale deals 12/22/2008 11:26:00 PM -analyst@houstonrealnews.com
With the rest of the economy in shambles, wholesale investors, for the most part, are content with sitting on the sidelines waiting for the dust to settle. New deals in November numbered a scant 14, a significant drop from the 27 that closed the prior month.
According to Houston real estate listing site MyHouseDeals.com, just 66 new properties came to market in the month of November, a 25 percent falloff from the 87 we saw in October.
The wholesale market serves as a reasonably steady indicator of market activity.
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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.
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