short sale: The Real Estate Market is Hot - Invest Intelligently & You Won’t Get Burned
- 08/29/12 11:45 PM
The Real Estate Market is Hot - Invest Intelligently and You Won’t Get Burned The real estate market has been heating up nationwide, and it’s only getting hotter. On CNBC.com’s Realty Check, real estate reporter Diana Olick writes, “It’s no secret that investors have been inhaling foreclosed properties at a breakneck pace, trying to cash in on an increasingly hot rental market.”1 Recently Bloomberg reported that Blackstone Group, the biggest buyer of U.S. commercial real estate, “is turning to residential real estate after a 34 percent plunge in prices since the 2006 peak. The New York-based company is the biggest … (0 comments)
Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled.
But upheaval on Wall Street, unacceptable rates of unemployment and plummeting real estate values have taken their toll. Since 2007, 7.9 million homeowners have lost their homes to foreclosure. Current estimates are that one in four homeowners owe more on their mortgages than they could get from the sale of their home. Millions more homes will be lost to foreclosure before this real estate … (4 comments)
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Doug Maas
Broker/Owner - REMAX Of Great Falls - MT Real Esta
Author Bio: Doug Maas - Broker/Owner/Realtor Re/Max of Great Falls. Doug Maas helps distressed property owners, Investors, Military and First Time Home Buyers.
The Real Estate Market is Hot - Invest Intelligently and You Won’t Get Burned
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