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Turn on CNN or pick up the Wall Street Journal any day this week, and you are bound to see a story about the number of home foreclosures taking place in the United States right now. While it is always sad to see people lose their home due to foreclosure (especially so many people), it also represents investment opportunity for home buyers. In fact, buying a foreclosed home often means that you can get the property for less than market value. Upon hearing this, most people immediately want to ...
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Imagine if the Superbowl, World Series and the Summer Olympics all happened during the same weekend! Well, that is what we are seeing with the number of foreclosures in this country-except that this "sports extravaganza" is lasting all year long. The tension and buildup in the housing market is finally coming to a head and fireworks are starting to fly. Check this out... The final 2007 figures from RealtyTrac.com shows that foreclosures increased 79% compared to 2006. 1.3 million of ...
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There are many economic and market forecasts and predictions, however the bottom line is if you want to buy your first home—there is no wrong time. There is because the motivation to buy is not determined by regional market conditions or by location. Industry opinions, economic reports and investor speculation do not sway or predict when a particular individual will be ready to buy. For the great majority of folks, the most compelling reasons to buy a home are based on individual circumstances ...
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