Market Trends and Condition

Here is a story that tells honestly how bad the foreclosure mess is right now:

http://www.msnbc.msn.com/id/41282712/ns/business-real_estate/#

It can help you judge what type of program to set up in these metropolitan areas. For example, Las Vegas is at a point where 1 out of 9 homes are in trouble. You need to decide if that is bad or if that is an opportunity. Remember, what might be good for owner occupant homebuyers may not be good for investors. Just be careful as it is a mess out there and our firm believes that caution is in order for most areas that are in BIG slumps.

Just read an article that prices are expected to drop another 8-10%.

If you don't think NOW is a GREAT time to buy Real Estate, you must be living in a cave.

Here is an article from the Associated Press and MSNBC.com:

http://www.msnbc.msn.com/id/41051419/ns/business-real_estate/

Some states are going to be worse and some states are going to stabilize. Just know that the former states will probably affect your comps dramatically in 2011 and the latter will allow your comps to equalize. Just be careful out there because you can lose money in this market. Remember that free amrkets allow you to make as much money as you can but also allow you to lose everything.

I posted this on my website http://realwholesaling.com and figured everyone here on DG could benefit from it as well so... I'm sharing

I also know that many of you have signed up for realwholesaling emails and you received this in your email last week. I figured this was a good place to get your input and answer some of your questions.

According to Forbes magazine, the top 5 affordable cities are:

Five of America’s Most Affordable Cities

1.) Omaha, Neb.
Asking Price Rank: 9
Salary Rank: 43
Cost-of-Living Rank: 5
Unemployment Rank: 1

2.) Buffalo, N.Y.
Asking Price Rank: 2
Salary Rank: 47
Cost-of-Living Rank: 1
Unemployment Rank: 12

3.) Detroit, Mich.
Asking Price Rank: 1
Salary Rank: 15
Cost-of-Living Rank: 2
Unemployment Rank: 48

4.) Indianapolis, Ind.
Asking Price Rank: 7
Salary Rank: 31
Cost-of-Living Rank: 4
Unemployment Rank: 24

5.) Cincinnati, Ohio
Asking Price Rank: 4
Salary Rank: 25
Cost-of-Living Rank: 6
Unemployment Rank: 32

For Americans looking to buy retirement property, the historic real estate crash has created all sorts of opportunities. Home prices in 20 major metropolitan areas have declined roughly 28 percent from their 2006 peaks. Meanwhile, government efforts to ramp up demand for homes have significantly reduced mortgage costs for borrowers. Thirty-year fixed mortgage rates stood at 4.37 percent for the week ending September 16, only slightly above the 39-year lows reached two weeks earlier. Taken together, lower home prices and cheap mortgage rates have made home buying much more affordable than just a few years ago.

For Americans looking to buy retirement property, the historic real estate crash has created all sorts of opportunities. Home prices in 20 major metropolitan areas have declined roughly 28 percent from their 2006 peaks. Meanwhile, government efforts to ramp up demand for homes have significantly reduced mortgage costs for borrowers. Thirty-year fixed mortgage rates stood at 4.37 percent for the week ending September 16, only slightly above the 39-year lows reached two weeks earlier. Taken together, lower home prices and cheap mortgage rates have made home buying much more affordable than just a few years ago.

For Americans looking to buy retirement property, the historic real estate crash has created all sorts of opportunities. Home prices in 20 major metropolitan areas have declined roughly 28 percent from their 2006 peaks. Meanwhile, government efforts to ramp up demand for homes have significantly reduced mortgage costs for borrowers. Thirty-year fixed mortgage rates stood at 4.37 percent for the week ending September 16, only slightly above the 39-year lows reached two weeks earlier. Taken together, lower home prices and cheap mortgage rates have made home buying much more affordable than just a few years ago.

For Americans looking to buy retirement property, the historic real estate crash has created all sorts of opportunities. Home prices in 20 major metropolitan areas have declined roughly 28 percent from their 2006 peaks. Meanwhile, government efforts to ramp up demand for homes have significantly reduced mortgage costs for borrowers. Thirty-year fixed mortgage rates stood at 4.37 percent for the week ending September 16, only slightly above the 39-year lows reached two weeks earlier. Taken together, lower home prices and cheap mortgage rates have made home buying much more affordable than just a few years ago.

For Americans looking to buy retirement property, the historic real estate crash has created all sorts of opportunities. Home prices in 20 major metropolitan areas have declined roughly 28 percent from their 2006 peaks. Meanwhile, government efforts to ramp up demand for homes have significantly reduced mortgage costs for borrowers. Thirty-year fixed mortgage rates stood at 4.37 percent for the week ending September 16, only slightly above the 39-year lows reached two weeks earlier. Taken together, lower home prices and cheap mortgage rates have made home buying much more affordable than just a few years ago.