The new year is coming soon and I wanted to know you guys thoughts on the outlook for Real Estate for 2011?

Is it a year to invest? Should I hold on to my money? Does it depend? Thoughts?

I think starting the new year with new business strategy was excellent idea, You can think about your money, how much for your advance and how much for investing.

Investing on the real estate are not only have the profit, some time you will find some risk on it.

You can try on this business.

I did it from 1998 and have the profit on it... so .. what are you waiting for..

good luck

Yes, Invest big time. Once in the lifetime opportunity.

Real estate is a local game. What plays in New Orleans might not ring true in Peoria!

[quote=FSBO]Real estate is a local game. What plays in New Orleans might not ring true in Peoria! [/quote]

Well, I am in sunny Los Angeles, California. I have heard mixed results about whether to invest or not.

How much liquid assets do you have to play with??

Real estate is local. Great time to buy to rent out in upstate SC.

I agree with fsbo. For the first time in awhile, real estate is local.

Any improvement is needed here!
First with the oil spill in the Gulf of Mexico although it hasn't effect us here and seems doubtful it ever will but most buyers stopped looking waiting instead to see where would be effected. Then when things were just starting to pick up the foreclosure scandle has hit, making buyers think twice about buying foreclosures and bank owned properties that may or may not have been foreclosed legally. Banks had flooded the market with short sales and foreclosures driving prices and commissions down. Then some people where waiting to see how the elections would go. But I remain optimistic and hopeful that 2011 will be a turn around year!

My strategy comes down to the right formula. It doesn't matter what the market is like, if the numbers work, do it. With the rates as low as they are now and the abundance of properties (opportunities), you can make great investments happen in any area.

"Buy low + sell high" is always a good rule-of-thumb. With the market depressed like it is currently, it is a great time for investors to pick up properties at bargain rates if they are able to hold onto them until the economy picks up to full speed. If you have the resources, invest now. This economy is finally starting to turn around, and we will see property prices going back up soon enough!

How long do you guys think we have until prices start to go up? 2-4 years?

The election broke beautifully for real estate, with a sound rebuke handed to the statist/collectivist/socialist party in power. Hopefully cap and trade is truly dead, hopefully ALL tax cuts will be extended, and hopefully Obamacare can be picked apart like the dead carcass it needs to become.

I am now much more optimistic than before and will ramp up my marketing campaigns for an exciting Spring market.

I couldnt agress less with you on any of your points.

To each his own.

I think 2011 is going to be the year for short sales......
Learn them, buy them, sell them anything short sale related just get involved.

To each his own, but the American people have said "enough!" to the statist-collectivists-socialists. And if you think this rebuke was bad, wait until 2012. The future is bright, for people who want to work. For the rest, goodbye and get out of my country.