Serdar Bankaci, president and CEO of Default Research Inc.
Posted: Fri Apr 20, 2007 8:10 am
Serdar Bankaci, president and CEO of Default Research Inc., which analyzes mortgage defaults in California and other states, says this may prove to be a very good time for investors to buy real estate and hold it until market conditions improve.
A tougher market to turn a profit is Seattle, Wash., where because of strong job growth, home prices are not sliding like in parts of California.
"Home prices have continued to rise in Seattle making it more difficult for real estate investors to buy the properties and to make a profit," says Mr. Bankaci.