Assignment 1 Bus 521

1. Future Outlook and Industry Trends The recent mortgage crisis resulted in a colossal collapse in employment, credit ratings, and home office ownership. Home builders have lots of empty land, vacant houses, and unrealized contracts. Banks have scores of foreclosures that atomic number 18 sitting uselessly spot applicant after applicant is denied due to increased interrogation of their credit ratings. An article published by Bloomberg reported that foreclosures jumped xx percent in 2011 comp bed to the number of filings in the previous twelvemonth (Levy and Gopal, 2011). The common thread that threatens to cure housings ails or sink it further into the abyss is the employment first moment. Unemployment has hovered between 8 to ten percent over the past several long time and it definitely holds the key to whether consumers will be comfortable buying homes again in the future. There are still millions who are unemployed and millions more who are in serious delinquencies on their mortgage payments that will soon evolve into foreclosures. With that being said, the outlook for lease properties and vacancies is bright. A recent study by Harvard Universitys Joint Center for Housing Studies shows that more people are renting homes whether by necessity or choice (McKim, 2011).

In addition, the number of foreclosures has made renting more attractive and has raze led to the Federal Housing Administration to quadruple the beat of money loaned for renovation and construction of multifamily homes (McKim, 2011). Theres steady a greater demand for low income housing, since the number of rental vacancies have caused rents to become higher as demand increases. Thus, second Chance Rentals definitely has the necessary climate and opportunity to be in purchasing and supplying rentals for those who are looking for low-cost choices and a second chance to live in a home again. 2. Legal and/or Concerns One of the first issues or concerns is to make sure you have a legal and... If you loss to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper