Foreclosure Continue to Decline

The US Housing Market continues to improve.  Foreclosures declined 16% from March 2102 to March 2012. Foreclosures have decreased each month over the past 17 months. We have entered into a new phase of recovery for the housing market.  Check out this report from CoreLogic to get the details for your part of the country.

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Home Buyer Bidding Wars Are Back

With housing inventory extremely tight in many markets, buyers are piling on to purchase quality homes.  Many of the nation’s major housing markets have gone from lifeless to rebirth.  For sale listings are now drawing multiple offers from active house hunters on their quest for a home.  In March, broker that work with Redfin said that 3 out of 4 of their clients’ offers were countered by rival bids.  It’s a great time to be an investor selling renovated homes.

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