Greetings!
We are very excited to unveil our newest market at next week's live event. I think you'll be very impressed with the cash flow. Our speaker is a veteran investor who owns hundreds of homes. Even if you have no interest in investing out-of-state, you will learn his strategies for success using real estate investing fundamentals.
Hope to see you there!
Kathy and The Real Wealth Team
www.RealWealthNetwork.com
Financing
Applications for purchase loans were up a seasonally adjusted 5.7% from the week before, according to the Mortgage Bankers Association. Buyers may be taking advantage of today's historically low rates before the end of the month when the Fed stops buying mortgage bonds, which has helped keep rates low. The homebuyer's tax credit also is slated to end April 30.
Investors are also locking in low interest rates on 30 year fixed loans. Cash flow will increase with inflation, while monthly loan payments remain fixed.
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The Market
IRVINE , Calif. - March 11, 2010 - RealtyTrac®
Nevada, Arizona, Florida post top state foreclosure rates
Nevada foreclosure activity decreased nearly 7 percent from the previous month and was down 30 percent from February 2009, but the state's foreclosure rate continued to rank highest in the nation for the 38th month in a row. One in every 102 Nevada housing units received a foreclosure filing during the month "" more than four times the national average.
Arizona and Florida documented nearly identical foreclosure rates, with one in every 163 housing units receiving a foreclosure filing in both states. Despite a nearly 21 percent decrease in foreclosure activity from the previous month, Arizona's rate was statistically slightly higher than Florida's rate and ranked second highest among the states.
California's foreclosure rate ranked fourth highest among the states, with one in every 195 housing units receiving a foreclosure filing during the month, and Michigan's foreclosure rate ranked fifth highest among the states, with one in every 226 housing units receiving a foreclosure filing.
Other states with foreclosure rates among the nation's 10 highest were Utah (one in every 275 housing units), Idaho (one in 296), Illinois (one in 305), Georgia (one in 331) and Maryland (one in 407).
Tags: Arizona, California, federal reserve, Florida, Foreclosures, Inflation, Nevada
