More Investors Picking Up Buying Signals from Foreclosures

Have we seen the worst of foreclosures?

Are we beginning to hit near the bottom of most of these real estate markets?

Have we seen the worst of foreclosures?

 

Are we beginning to hit near the bottom of most of these real estate markets?

 

(Notice I used the plural because I don’t believe in a national real estate market.  Real estate is a mainly a local investment.)

 

While reviewing the stats for my state (Tennessee) I noticed one county in the Memphis area had askewed the results.  Times are not that bad here in Nashville.  We’re projecting a  smoother  landing in Davidson County for the rest of 2008.   

But without due diligence we might think the entire state of Tennessee is in deep trouble.  That simply  isn’t true.

 

So what about all the  bad news?  How should  that  affect our real estate investing decisions?

 

If 1.3 million distressed homeowners receiving  foreclosure warnings from their banks in 2006 is any indication, we should be buying.  The light is green.

 

Read Home Foreclosure Rate Soars in 2007

 

  

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