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New Challenges Face Home Buyers This Summer

New Challenges Face Home Buyers This Summer

By Total Mortgage.com May 16, 2013 A fairly new player on the scene are institutional investors; many ready to pay with cash. The primary strategy is to turn property into rental homes. “There are many markets across the country where it makes sense to do that. The average rent will allow you to cash flow single family homes and that’s what these investors are looking at,” explained said Daren Blomquist, vice president of RealtyTrac. “You have many displaced families who still want to live in a single family home but are not qualified to buy yet. Interest rates are low and they’re getting out of the bond market and are looking for places to invest their money. Some of the best markets are showing a 10 Read Complete Article Print Email

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Homebuilders ready to kick it up a notch By Inman News May 16, 2013 With tight inventory stifling a full housing recovery in many markets and foreclosures slowing down, builders are responding by ramping up plans to put new homes on the market, according to an analysis of U.S. Department of Housing and Urban Developm 14 American Housing Markets Struggling With Foreclosures By Business Insider May 14, 2013 One in every 905 U.S. homes received a foreclosure filing in April, according to the latest foreclosure data from RealtyTrac. Home Foreclosures Are Declining, But Why Only In Some States? By Investor's Business Daily May 9, 2013 Fewer U.S. homes entered the foreclosure process or were repossessed by lenders last month, the latest indication that the nation's foreclosure woes are waning. Foreclosures Surge in Orlando, Ocala By Mary Shanklin, Orlando Sentinel May 9, 2013 The Ocala area had the second-highest rate of home foreclosures in the nation during April, with Orlando ranked close behind in fourth, according to a new report. Ohio Foreclosures in April up 23 Percent From a Year Earlier By Columbus Dispatch May 9, 2013 Ohio foreclosure activity rose in April to the third-highest level in the country, driven by a big jump in sheriff auctions and bank repossessions. Queens Sees Massive Spike in Foreclosures in April By Phyllis Furman, New York Daily News May 9, 2013 Hurricane Sandy's helping turn Queens into foreclosure city. Nevada Remains No. 1 in Foreclosures By Yun Long, RGJ.com May 9, 2013 While the nation saw a decrease in foreclosure activity in April, Nevada’s distressed home filings increased, according to a report released by national real estate and foreclosure tracker RealtyTrac. Foreclosure Starts On The Rise In California By Steve Milne, Capital Public Radio May 9, 2013 A new report shows California home “foreclosure starts” – or the number of homes just entering the foreclosure process – were up for the third straight month in April. S. Fla. Falls to Third in National Foreclosure Rankings By Paul Owers, Sun Sentinel May 9, 2013 South Florida has relinquished its ranking as the nation’s top spot for foreclosures. Back Flips: Is Now the Time for a Fast Turn? By Bob Vila.com May 6, 2013 All of a sudden there are not enough houses for sale to meet homebuyers’ rising level of demand. Could you pull off a fast-and-dirty flip—buying low, fixing quick, and selling in a rebounding market? Print Email

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