We have been riding a leaking balloon these last few years, hearing continually about how we have reached the bottom of the recession and are starting to rebound, and yet not quite seeing that recovery actually happen.
Well, I have started to see more than a glimmer of recovery here in Eugene, OR. I have been noticing for the last few months that the foreclosed homes, many of them, are starting to be snapped up by both first time home buyers and investors. We are even seeing multiple offers in many cases. The bank foreclosures that are coming on the market seem to be priced, in most cases, correctly, and though in need of work in many cases, they are selling, and selling quickly.
There will be more foreclosures coming, but I do believe that the time is here for both first time home buyers and investors to start looking at picking up a new home to live in or for an investment. For the first timers there are programs out there that allow for repairs, so time to get off the fence and start eyeballing some homes.