Foreclosure News Have Made Homes More Affordable For Possible Buyers
Foreclosure news is causing home buyers, particularly real estate investors, to realize that it is the proper time to buy real estate properties in view of the continuing drop in home values. Despite the slow down in the foreclosure market, there are still many properties being made available in the market and home values are continuing their down trend. The average sale prices of foreclosures in various states show that single-family homes, duplexes, triplexes and condos can be bought at bargain prices. Thus, many investors in real properties have expressed their interest in foreclosed properties and are even competing against each other in acquiring certain properties.
Foreclosure news has revealed the availability of single-family homes in Ohio, Texas, Florida and Michigan at relatively low prices. There have also been cases where the asking price for certain properties is only one-half of their original price. In Florida, single-family homes are available at the average value of $112,000, condos are available at the average selling price of $86,000, and duplexes and triplexes are being offered at the average value of $113,000. In Michigan, single-family homes are being offered at the average value of $61,000, condos are being marketed at the average price of $61,000, and duplexes and triplexes are available at the average price of $14,000. Foreclosure news has indeed shown an increase in the variety of choices for both real estate investors and other kinds of home buyers.
Foreclosure news in California has also revealed a rise in the demand for houses that are being marketed at bargain prices. The average value of single-family homes in this state is $204,000, while duplexes and triplexes are available for approximately $268,000. Meanwhile, condos in California are available at the average value of $195,000.
And in Ohio, foreclosure news has revealed that the prices of real estate properties have reached record low levels. The average value of single-family homes is $63,000, while condos can be purchased for approximately $77,000. On the other hand, duplexes and triplexes are available at $24,000.
Unfortunately, foreclosure news means something else for owners of properties who have lost their jobs or are suffering from financial difficulties. These people want to sell their houses because they can no longer afford the mortgage payments. The bad news is that they are now facing tough competition from the very low prices of foreclosed properties. This trend is expected to fuel more foreclosure news as homeowners discover that they have no other choice but accept foreclosure.
Foreclosure news has revealed the availability of single-family homes in Ohio, Texas, Florida and Michigan at relatively low prices. There have also been cases where the asking price for certain properties is only one-half of their original price. In Florida, single-family homes are available at the average value of $112,000, condos are available at the average selling price of $86,000, and duplexes and triplexes are being offered at the average value of $113,000. In Michigan, single-family homes are being offered at the average value of $61,000, condos are being marketed at the average price of $61,000, and duplexes and triplexes are available at the average price of $14,000. Foreclosure news has indeed shown an increase in the variety of choices for both real estate investors and other kinds of home buyers.
Foreclosure news in California has also revealed a rise in the demand for houses that are being marketed at bargain prices. The average value of single-family homes in this state is $204,000, while duplexes and triplexes are available for approximately $268,000. Meanwhile, condos in California are available at the average value of $195,000.
And in Ohio, foreclosure news has revealed that the prices of real estate properties have reached record low levels. The average value of single-family homes is $63,000, while condos can be purchased for approximately $77,000. On the other hand, duplexes and triplexes are available at $24,000.
Unfortunately, foreclosure news means something else for owners of properties who have lost their jobs or are suffering from financial difficulties. These people want to sell their houses because they can no longer afford the mortgage payments. The bad news is that they are now facing tough competition from the very low prices of foreclosed properties. This trend is expected to fuel more foreclosure news as homeowners discover that they have no other choice but accept foreclosure.
