New Housing Starts Down Again - But Home Sales Continue to Rise - Why? Foreclosures That’s Why!
Well the economists have missed their September Housing starts Estimate and revised down their August numbers, once again confirming my previous article conclusions that the continued monthly increases in residential home sales are due to the growing numbers of foreclosure and REO products made available by Trusts and Banks. The growing inventory of distressed homes on the market is continuing to send shock waves through the economy; but it’s also providing investors with a longer and wider window of opportunity to get involved here.
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