Once upon a time in Real Estate Land, there lived a happy-go-lucky housing bubble. It floated among us without a care in the world, blissfully ignorant of its ultimate fragility. Then one day, it met with the final fate that, sooner or later, befalls every bubble: it burst. In the time it takes to snap your fingers, the rapidly expanding housing bubble’s deceptively thin walls vanished, spilling a multitude of nightmares onto a mostly unsuspecting global economy.

Then, after months and months of finger pointing and blame assessing, economists and stock market analysts noticed a glimmer of hope sparkling from within the ashes. Finally, some sure signs that the housing market was twitching and sputtering back to life came to light. Home prices began to rise; interest rates began to hit record lows; and foreclosures began to fall.

ForeclosureNotice_Gold

Now, while the market continues its slow, grinding pace to resurrection, many real estate and financial pundits are unearthing some potentially lucrative opportunities, such as buying properties tangled in the foreclosure process.

Home Prices Rise

Back in November of last year, the National Association of Realtors released a report that showed 120 out of 149 metropolitan areas in the U.S. saw the median price for an existing single-family home rise.

Interest Rates Hit Record Lows

One of the primary reasons that mortgage interest rates are so low these days is that the U.S. Federal Reserve is using this as a method to breathe some life back into the nation’s languid economy. For example, it is not uncommon to find a 30-year, fixed-rate mortgage available for less than 3.25 percent.

The goal here is that the relatively low mortgage rates, combined with reduced price tags on some other long-term interest rates, will kickstart the nation’s economic recovery via real estate investments and homebuying.

Foreclosures Fall

There are fewer and fewer homes in foreclosure proceedings today than there have been in a long time, which of course means that the number of foreclosed homes in inventory is dropping as well. So, prices on short sale and foreclosed homes seem to be bottoming out, as less of them hit the market.

Opulent Offerings of OpenOffer.com®

Taken individually, these three financial factors certainly resonate in investors’ and homebuyers’ ears; however, the combination of all three signifies the potential for comparatively low-risk, high-reward opportunities in the foreclosures and short sales housing markets.

That said, you still owe it to yourself to perform your own due diligence before investing in anything. Thankfully, you can do all of that without leaving OpenOffer.com®!

Click on the Find Homes tab at the top of this page and check out the individual pages for all kinds of real estate properties, including Foreclosures and Short Sales.

Tags: , , ,

This is filed under Foreclosures.


     Twitter It!