Hedge funds leaving

Thank god that trend is going away . It’s been impossible to find deals when those big boys are in there buying without regard to comps. They don’t have to worry about appraisals ¬†since they are paying cash. We as investors have to be concerned about what...

Many homeowners are less underwater

The federal reserve states that home equity has jumped nearly 500 billion during the last 3 months of 2012. That means that less folks are underwater so now they can sell if they choose. This will help to cure the severe housing inventory situation. Zillow Real Estate...

FHA is broke

Because they insured the banks against loss if the loans went bad, they had to pay off a lot of money. Like any insurance company, if you have to pay out more than you collected in insurance premiums, you are in trouble. That is what is happening to FHA. Since 2007,...