I live in Toledo, Ohio.
2007-01-05 05:21:54 · 6 answers · asked by grettah 1 in Business & Finance ➔ Renting & Real Estate
It is pretty good if you are a buyer, and getting better. I think lots of people over bought and will loose their shirts. So, if you want to invest it is just warming up.
2007-01-05 05:38:14 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Some markets will aloways do better than others because housing is at a premium....Ohio has generraly been hit hard in the last few years due to closing of many manufacturing facilties....although places like Colombus Ohio are doing well since they have a more service orientated economy....not sure what's going on in Toledo......
2007-01-05 06:05:12 · answer #2 · answered by boston857 5 · 0⤊ 0⤋
Unfortunatly, The interest rates are tied to the dollar so if they lower the rates really really really low, the dollars value goes down. If they raise the rates the housing market really goes in the tank! I think the rates will stay the same for a while and the market will not have to much up or down activity.
2007-01-05 05:36:04 · answer #3 · answered by camrenalexis2 2 · 0⤊ 0⤋
It's on fire with me all the time-this will depend on one's knowledge of values and the ability to find, acquire, repair and sell or refinance the RIGHT properties!! Foreclosures and Estates are good bets .... but knowing the values is THE KEY!
I have owned over 100 properties and am currently renovating 5 single family homes in my city- Good Luck!!!
2007-01-05 05:34:29 · answer #4 · answered by david s 1 · 1⤊ 0⤋
It might not, the bubble had to burst sooner or later. If interest rates go down as much as they did it could see an incline.
2007-01-05 05:30:18 · answer #5 · answered by schell_75 3 · 0⤊ 1⤋
My guess is.. when the Feds starts easing up on rates.
2007-01-05 05:26:23 · answer #6 · answered by rmijares 2 · 0⤊ 1⤋