Luis Hong Team - Top Producers in Southern California

Low Interest Rates and Nationwide Decline in Foreclosures

Published On: August 22, 2011

According to the National Association of Realtors, theaverage home price has fallen 2.8% in the second quarter of 2011. The number of foreclosures in the United States has fallen about 35% since July of last year. Some claim that this steep reduction in foreclosures is because of the robo-signing problem during 2010; this problem caused banks to slow down the rate of foreclosures while banks investigated the problem.

Because of the current volatility in the stock and bond markets, the FED has decided to keep the federal interest rate low. 

With low interest rates and a large number of foreclosed properties, now is a great time for investors to purchase great properties at bargain prices. According to ForeclosureRadar.com, there were 97,000 foreclosures for sale in July of 2011. This is a great time for acquiring new investment properties. This is a time in history that you should not miss out on!!

For more information, please visit: http://realtytimes.com/rtpages/20110822_realestateoutlook.htm