Real Estate Blog August Archive

Deteriorating Homes Contribute to Deteriorating Prices and Vice Versa

By Website Introductions at 08/27/08 10:30

The price of homes that were previously foreclosed are in a freefall alright. And with the way these houses look like, it's no surprise.

Due to the overwhelming number of houses that are foreclosed and transferred to the banks, these houses tend to be uncared-for, resulting to vandalism, theft, dirt--a total wreck. With houses like these proliferating the market, I will be surprises if they appreciate much.

News: Houses in subprime shape lead price charge down - Aug. 22, 2008

Singaporean property prices set to fall

After reaching sky high, all signs seem to show that the Singaporean property market is set for a fall. It seems that property prices have already peaked and are bound to fall soon.

For instance, property sales have gone sluggish due to the already-high price. If the low sales will continue, wait until the prices go down.

And what do we do when prices fall down? We buy more! It's a boom-bust cycle in Singapore, and the time to buy is near to come.

Link: FT.com / Companies / Property - Singapore property set for a fall