Real Estate Investment Software Continues to Sell Despite Our National Real Estate Meltdown
ProAPOD® Real Estate Investment Software reported today that sales for its real estate investment software solutions are steady despite the nationwide real estate market meltdown.
A leading real estate investment software provider since 2000, ProAPOD® developer James Kobzeff admits that he had apprehensions about the troubled real estate market. “Given the subprime mortgage crisis,” Kobzeff says,” and the fact that our software services real estate, I expected less interest from real estate agents and investors for any kind of real estate software this year. Thankfully, that’s not been the case, however. Our software solutions are still very much in demand.”
The subprime mortgage crisis began in approximately 2005-2006 with the bursting of the housing bubble and high default rates on “subprime” and adjustable rate mortgages (ARM) and has become more apparent during 2007 and 2008. Once housing prices started to drop moderately in 2006–2007 in many parts of the U.S., refinancing became more difficult, and defaults and foreclosure activity increased dramatically. During 2007, nearly 1.3 million U.S. housing properties were subject to foreclosure activity, up 79% from 2006, and major banks and other financial institutions around the world have reported losses of approximately $435 billion as of 17 July 2008.
When asked to speculate why his real estate investment software sales are up in spite of the sagging real estate market, Kobzeff remarked, “I think that it’s because our software pertains to investment real estate rather than residential real estate. My guess is that investors wanting out of the stock market are looking for lower risk investing opportunities like investment real estate, and for this reason turning to our software to help them determine cash flow and profitability.”
About ProAPOD®:
ProAPOD® Real Estate Investment Software was developed in 2000 to provide real estate agents and investors easy-to-use and affordable investment software solutions. You can learn more about ProAPOD® at http://www.proapod.com.
If you’d like more information about this topic, please call James Kobzeff at 503/949-9034.
