Investing in foreclosed properties can be a profitable venture in any city. But, there are definitely a few specific cities where the foreclosure market is a cut above the rest. RealtyTrac Vice President Daren Blomquist says, “These are markets where buyers have more foreclosure inventory available and more leverage with sellers,” he says. “If you [...]
The real estate market certainly wasn’t recession proof as it was hit hard early and then repeatedly kicked while it was down. Just ask Scott Lawlor who became a tarnished emblem for the aggressive investors who poured other people’s money into major office buildings at the height of the market, driving values into the stratosphere [...]
Since peaking in mid-March, 30-year mortgage rates have fallen for five out of six weeks to reach 3.4% by the end of April. That’s pretty low by historical standards, but still higher than the all-time low of 3.31% that 30-year mortgages reached last November. But 15-year mortgages have also been dropping, and they managed to [...]
When we heard the news that a bunch of big banks had agreed to a 3.6 billion dollar settlement for over 4 million homeowners who lost their home between 2009 and 2010 we thought this was all good news. Sadly we were wrong as when those checks started being sent out towards the end of [...]
Flipping houses can be a profitable endeavor in any market but, there are definitely specific markets that offer bigger flipping profits. The online foreclosure marketplace found flippers in Orlando, Florida averaged the highest gross profit at 63 percent. The average purchase price in the area was $103,701 in 2012, while the average flipped price was [...]
U.S. home prices rose 9.3 percent in February compared with a year ago, the most in nearly seven years. The gains were driven by a growing number of buyers who bid on a limited supply of homes. Steady home price gains can help drive the housing recovery, which benefits the broader economy. Higher home [...]
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April, May, and June typically account for 40% of annual housing transactions. With the busy season for real estate investing upon us, there are some things to keep in mind for 2013′s home buying season. Check out this article for more information and use investorsedgeuniversity.com/ for all of your real estate investment needs.
If there was a home foreclosure contest in the United States it wouldn’t be a very close one as Florida would be winning that contest hands down. In the first quarter of 2013, some 85,671 Florida homes were in foreclosure — which is one in every 104 residences, reports The Miami Herald. That rate is [...]
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