Real estate market update

[highlight bg=”#fff199″ color=”#000000″]What’s the real estate market doing now?[/highlight] Lots of contrasting trends. On one hand,Notices of default are up 39% . But houses actually getting foreclosed on fell 28% from the prior quarter as...

First time home buyers stuck

First time home buyers usually account for 40% of the real estate market but now its down to only 28%. Why is this? 1. student loans are  a killer and really bump up their debt level so its hard to qualify. In addition there are a lot of defaults- which also ruin...

Hedge fund buys 970 homes

Colony capital made a deal with the banks to buy 970 foreclosed homes. They made a deal with the govt to rent them out so the real estate market would not tumble. These homes are in Ca, nevada and az- the worst hit states. They paid an average of 112% of value. And...