We hope that you and your families are enjoying the summer. It has been a busy one for us!
Cindy and I are experiencing a surge of activity in sales of investment properties. Most of the buying is taking place in the Tracy and Brentwood areas. The reason for this is that with the prices of these homes having fallen, they now make sense again as rentals. Also, with the number of foreclosures and short sales in these cities, the demand for homes to rent has increased. The rental market is very robust, and a “break even” is now a realistic goal for investors again.
We will continue to keep you informed of the market activity in these areas, and to let you know about the investment opportunities that are available. As always, we believe in the long term viability of Real Estate as an investment. We see the investor activity in the Tracy and Brentwood areas as an indicator that a new floor is being established with regards to pricing. Since markets build back up from the bottom, we feel (in these areas) that the prices are as low as they are likely to go. If you have any interest in exploring these opportunities, or you have any questions, please give us a call. We would be happy to spend some time discussing this topic with you.
Cindy Engel

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