Deep-pocket financiers and investors have swarmed the U.S. real estate market, scooping up cheap foreclosures and recession bargains to rent them out. You'd think there's nothing left for the little guy.
Bang for the Buck: Where Investing in Rental Homes Is Most Profitable
Where can you make the most money as a rental-housing landlord? Not California, according to a study released today by foreclosure-tracking firm RealtyTrac.
According to online foreclosure marketplace RealtyTrac, there are still plenty of cities out there that offer ample opportunity for everyday buyers to purchase single-family homes and rent them out at a decent profit.
Investors Widen U.S. Rental Search as Home Costs Rise
In Memphis, a three-bedroom home generates a 10.4 percent annual return on investment compared with 8.8 percent in Phoenix, 9.7 percent in Atlanta and 9.9 percent in Las Vegas, according to the RealtyTrac report.
1.5 Million Properties Taken by Banks - Up Nine Percent on 2012
The number of foreclosed or bank-seized homes has risen by nine per cent already this year - with 1.5 million properties currently being lost by homeowners who can no longer afford them.
The Inventory Of Foreclosed Homes Jumped 9 Percent In The First Quarter
Foreclosure inventory was up 9 percent year-over-year (YoY) in the first quarter to 1.5 million properties, according to RealtyTrac's foreclosure inventory report.
The "shadow inventory" of homes at risk of foreclosure is finally starting to hit the market, raising concerns that a flood of properties for sale could lower home prices and hinder the housing recovery.
U.S. foreclosure inventory jumped 9% in the first quarter from a year earlier, led by an increase in pre-foreclosure properties, according to market researcher RealtyTrac.
More Than 300,000 Homes are Freclosed 'Zombies,' RealtyTrac Says
A national survey found 301,874 "zombie" properties dotting the U.S. landscape in which homeowners in foreclosure have moved out, leaving vacant property susceptible to vandalism and degradation.
Florida Leads U.S. in Number of 'Zombies' Foreclosures
Florida by far leads all other U.S. states in the number of "zombie" foreclosures — vacant houses that are in some stage of being repossessed by mortgage lenders.
Foreclosure Inventory Rising Again Nationwide, But Falling in CA
The nationwide inventory of homes at some stage of the foreclosure process is rising again but remains far below its December 2010 peak, RealtyTrac says in a special report issued Thursday.
Shadow Inventory On The Rise After 2012 Foreclosure Legislation
A new report issued today by RealtyTrac says that the U.S. foreclosure inventory has increased by about 12 percent since May 2012 when it hit a five-year low of 1.3 million properties.
Foreclosures have risen 9% since this time last year, a sign that lenders are moving to complete the process on homes that were stuck in the pipeline during the robo-signing scandal.
Delinquent Loans Rolling into Foreclosure Inventory After Settlement
Foreclosure inventory seems to be making a comeback after experiencing steady declines following the national mortgage settlement, RealtyTrac revealed in a report Thursday.
4 Things Real Estate Investors Need to Know About Foreclosures
Nearly 1.5 million properties were in some stage of foreclosure in the first quarter of 2013, according to a new quarterly analysis of foreclosure inventory by RealtyTrac.
The number of homes entering the foreclosure pipeline picked up after last year's national mortgage settlement, a new report by foreclosure data aggregator RealtyTrac suggests.