The deal allows Genesis Capital to offer enhanced products nationally
The company said the focus of its new business helps address the affordable housing crisis
The inventory of new homes for sale reached its lowest level in 50 years, lower than existing homes, and pushed new home prices higher to drive the real estate market, according to Pro Teck’s October Home Value Forecast Update.
Average home prices increased by 0.9 percent for both the 10- and 20-City Case-Shiller Composites in August versus July and 19 of the 20 cities posted positive monthly gains in August. However, on a year-over-year basis, no market came remotely close to touching Phoenix’s 18.8 percent increase in prices.
The relationship between the pricing of commercial homes and the quality of the schools and education centers nearby is probably not something that is thought about everyday; but it has become apparent that these two entities have a direct influence on each other.
Maintaining the resale value of any property is one of the primary concerns of the owner whether the property is commercial or residential. Sometimes there is nothing you can do about the changing value, because value can often change through external sources, such as the overall decline of the neighborhood, the upkeep of surrounding buildings, or the rezoning of the area by local government.