ListedBy, a free online real estate marketplace and social network with live bidding public real estate auctions and ‘Best Offer’ functionality has announced that its CEO and Founder Stephan Piscano’s outlook for the real estate industry has been featured by REI Voice Magazine as part of its 2013 Market Predictions feature.
“2013 could be your last opportunity to realize huge returns on investment properties,” wrote Piscano, for REI Voice 2013 Market Predictions. “We started telling all of our partners, clients and investors at the end of 2011, that 2012 would be the last opportunity to see deals like we had been seeing for the last 3 years, and I personally told all those close to me that we would look back at 2012 and ask, how much did we capitalize on it?”
Opinions and forward outlook from ten high profile experts in real estate make up this year’s predictions. The article covers perspectives at the city, state and national levels, and features thoughts from prominent insurance, asset management and real estate investment senior managers as well as REALTOR® council, county assessment and city economic development executives.
Continued Piscano: “I believe that interest rates remaining low, combined with lack of inventory, combined with the potential for rapid inflation will cause the market to continue to rise in 2013 and beyond. There will still be exceptional investment opportunities. It will be several years before the market is fully recovered but this year could be your last opportunity for a while to capitalize on the unreal 23% ROI (Return On Investment) type of investment properties for a while. Investors will start seeing more types of real estate investments take place such as owner-carry-financing, due to the millions of Americans that have damaged credit but still may have solid income or in some cases even be multi-millionaires who are tired of buying everything cash and want leverage.”
ListedBy also published The 2013 Real Estate Market, a forward looking opinion on the market based on two possible economic scenarios for the coming year. The article can be viewed at http://blog.listedby.com.
For more information, visit www.ListedBy.com.