Real Estate Trends in 2010

n today's real estate market, the house prices continue to keep down due to the overwhelming competitions. Real Estate Trends in 2010 still involve paying mortgages and foreclosures continue to rise.

By early 2010, Real Estate (RE) has great improvement in some markets in New Zealand, while RE had enjoyed a significant boom in China, Canada and a few other select spots. Several important trends will shape the RE industry of the near future.

Negotiating short sales is common in today's real estate world. Lenders and sellers are the ones who negotiate short sales.

A short sale occurs when a borrower can no longer pay the mortgage loan on their property. Lenders tend to sell the property in moderate loss or in a short sale process. The lender requires extensive paperwork from the borrower to approve legally that the house is for a short sale. It will also take more days to secure an approved short sale. After the house was sold, the lender can forgive the borrower because the obligation of payment on the remaining balance was transferred to another buyer. This agreement is helpful for home owners to prevent foreclosures.

In this year, the commercial property investment sector remains slow and vacancies remain high specifically in office markets and retail shopping centers.

There are big investments that are focus in transportation infrastructure such as highways, education facilities, government offices and health care facilities that could offer opportunities to commercial construction firms.

The boom of Real Estate Trusts (RET) is also part of the RE Trends in 2010 and continues to offer job opportunities for real estate analysts.

Skills in photography and creating videos in developing products is a great trend for real estate sellers because they can able to take properties to customers rather than taking customer to the properties.

Indeed, the RE Trend continues to go better and better as time goes by despite of the many competitions in the RE world. This is good news for the RE sellers, investors, as well as to individual buyers because the trend is a win-win situation, meaning the persons that are involved in RE can benefit with each other as long as they perform the correct and legal ways in dealing with RE negotiations.

More 2010 real property trends as well as lessons on love, inspiration and hope. For more articles and lots of inspiration visit our website.

This article is written by Sheryl Mae Torres. For similar articles on New Zealand Property Investment and Personal Development as well as Real Estate Trends visit our website.

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