DENVER , Oct. 31 /PRNewswire/ — Tom DiMercurio, a seasoned expert, columnist, author, and national and local real estate market-watcher announced today that he has upgraded (from hold to qualified buy) Denver area small income units (1-4 family properties).
According to DiMercurio, a number of recent improvements positively affect these properties in the greater Denver area. These improvements include: 1) a much tighter rental/leasing environment resulting in a blended vacancy rate (the lowest in 6 years) of only 4% for leasable/vacant units and homes; 2) a soft sales market characterized by oversupply leading to declining prices to pre-2003 levels; and 3) generally available non-owner occupied financing at attractive fixed rates of no more than 7%.
“It’s time to balance all the foreclosure negativity and concern over the sub-prime liquidity crisis (although related and significant) with the conventional real estate investment wisdom that income property that is valued on the basis of its reliable net income is almost always a good investment,” said DiMercurio.
DiMercurio is a partner in The Mercury Alliance, LLC and Paradigm Default Services, LCC, a real estate broker for 37 years and is frequently quoted in the national and local press. He was the first to call the developing and continuing “Tsunami of bad loans and REO” almost three years ago. He offices in Downtown Denver , CO. DiMercurio has a BA, MBA and a Lifetime Teaching Credential in Real Estate from the State of California.
Contact: Tom DiMercurio of The Mercury Alliance, LLC, +1-303-832-2120, ext 12, tom.dimercurio (at) themercuryalliance (dot) com
SOURCE The Mercury Alliance, LLC
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