Seizures On The Rise Again

About 3 / 4 of the most important U.S. housing market has seen an increase in foreclosures. Foreclosures were 1.6 million residential units, 75% of the urban center in America. This is another indication that housing prices are likely to grow until a few years at least. This means that there is still time to buy investment properties at very affordable prices. It's not too late.

The increase in seizures is supported by the unemployment rate remains bleak. But officially hovering at 10%, the actual number is probably closer to 20%. With so many people unemployed, which makes it difficult to continue paying their mortgages.

In addition, many of these at home owe more on their mortgage than the value of the house. For example, a homeowner may have in their $ 250,000 house that is not worth $ 150,000. So, in practice, many are within walking distance from their mortgages and leave their homes to go to foreclosure.

Florida, California, Nevada and Arizona have registered the highest foreclosure rates. This means that those who are great places to find opportunities to make real estate investments. Prices are low, but people still need housing, so it is an excellent opportunity to buy homes at low prices and find great group of tenants.