Foreclosure and residential properties for sale in and around Lapeer Michigan. Lapeer, City of Lapeer, Lapeer Twp. Lapeer County, MI 48446 05/20/2012 Homes for sale under $100,000.00 331 Nightengale Ave, $25,000 / 3 beds & 1 bath / 1217 sq.ft / basement 230 N. Saginaw St, $26,750 / 2 beds & 1 bath / 1100 […]
Building Permits Soar
New home building permits soar to 2008 levels……Interesting article from RealtorMag about building permits and builder confidence…… Permits for new-home building — a gauge of future demand — reached its highest level last month since September 2008, the Commerce Department reported Tuesday. New housing permits rose 4.5 percent in March, reaching an annualized level of […]
95% of REOs Need Rehab
95% of REOs need rehab, analysts say…post found in RealtorMag from 04/16/12…talks about investors buying up foreclosures in bulk… Investors are buying up foreclosures in bulk, viewing the potential returns from REOs-to-rentals as better than most other investments. But experts caution investors to be careful that they don’t take on more than they can handle, […]
Home Values Rising
Home values rising in hard hit markets Article in RealtorMag discussing home values in hard hit markets like Michigan…… Hard-hit housing markets in Florida, Michigan, and Arizona are seeing an increase in average home values. In particular, Miami is pushing home and condominium values higher in other Florida cities. Meanwhile, a lack of discount priced […]
More Banks to Rent Foreclosures
Friday, April 6, 2012 Fed urges more banks to rent foreclosures……Found this article in RealtorMag, talks about the Federal Reserve urging banks to turn their foreclosures into rentals…… To prevent overall home prices from any further potential drops, the Federal Reserve is urging banks to transform more of its foreclosed homes into rental properties. The […]