Real estate inventories are “bouncing along the bottom” now, meaning it’s a good time to invest, as long as you adhere to two key caveats, industry executive Harvey Green told CNBC on Tuesday.
One, as with any investment, conduct your due diligence, and two, know the fundamentals of the asset class you’re considering.
“Everyone pretty much agrees that we’ve reached the bottom [of the primary markets],” Green, CEO and president of Marcus & Millichap Real Estate Investments, said. He added that tertiary markets have yet to drop completely, but that primary markets are now beginning to move up, after the fall. Green did not specify which markets are primary or tertiary.