Economy Hits Mobile Homes

The tough economy hits all sectors of the housing market, including mobile homes.  Parks are experiencing more delinquencies in late payment of rent and foreclosed/bank-owed homes.  The resale of bank-owned homes generally results in the new buyer living in the home in the park, however, sometimes the buyer of the reposed homes moves the home out of the park to another park or to private property, resulting in empty spaces.
The good news is that there are available spaces in southern California mobile home parks for buyers of new manufactured homes to move into.  And, just like other housing, now is the time to get a very good buy on a manufactured home!

The tough economy hits all sectors of the housing market, including mobile homes.  Parks are experiencing more delinquencies in late payment of rent and foreclosed/bank-owned homes.  The resale of bank-owned homes generally results in the new buyer living in the home in the park, however, sometimes the buyer of the repossessed home moves the home out of the park to another park or to private property, resulting in empty spaces.

The good news is that there are available spaces in southern California mobile home parks for buyers of new manufactured homes.  And, just like other housing, now is the time to get a very good buy on a manufactured home!

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