All the Real Estate News That’s Fit to RE-Print™
Welcome to our weekly edition of Real Estate Investing News This Week. This week’s news is short and sweet.
Home prices nationwide, including distressed sales, increased on a year-over-year basis by 9.7 percent in January 2013 compared to January 2012.
RealtyTrac has come up with the top 15 markets for buying bank-owned homes in 2013 and the top 15 markets for buying short sales in 2013.
We hope these real estate news items help you stay up-to-date with your real estate investment strategies and inspire some profitable real estate deals for you.
CoreLogic Home Price Index Rises by Almost 10 Percent
On Tuesday, CoreLogic® released its January CoreLogic HPI® report. Home prices nationwide, including distressed sales, increased on a year-over-year basis by 9.7 percent in January 2013 compared to January 2012.
This change represents the biggest increase since April 2006 and the 11th consecutive monthly increase in home prices nationally.
CoreLogic: Prices Up 9.7%; Market Poised for Strong Spring Season
“Unhindered by winter weather, the home price recovery pressed on in January as CoreLogic’s home price index rose nearly 10 percent year-over-year.”
Read more…
Top 15 Markets For Buying REO’s and Short Sales
Analyzing data from the RealtyTrac Foreclosure & Short Sales Report from the fourth quarter of 2012 in more than 900 metro areas nationwide, they have come up with the top 15 markets for buying bank-owned homes in 2013 and the top 15 markets for buying short sales in 2013.
Great article and summary of the best blogs out there.
I agree with all of these!
Great news! Appreciation can compound your equity position on real estate assets.
Think of the impact appreciation has on a rental portfolio. If you have $1M of houses, get even 4% appreciation/year for 5 years… that portfolio goes up in value to $1.216M….
Prices are still cheap, but dont look back 5 years from now and wish you had done it.
Yes a great time to buy and hold