Housing Market Heating Up in More States

by Alexis McGee on November 17, 2009

The housing market is picking up steam. In addition to California, now Seattle, Phoenix and Las Vegas are getting hot. At the same time, we are flooded with foreclosures that the banks are selectively slashing prices on. Want to find a close a great foreclosure deal and put profits in your bank?

Tonight I will show you HOW to buy a foreclosure for well below today’s market vlaue, and lock in your profit when you buy, using outside private money to fund your deal. Make sure you attend my Mini Lab Webinar tonight on ”how to do the math right”. Call 800-310-7730 x114 asap!

Seattle-area home sales held steady in September, rather than falling as they normally do from August, thanks mainly to a rise in sub-$200,000 transactions. The median sale price held firm, too, at $300,000 for the third consecutive month… More Here.

The Phoenix area logged a rare increase in home sales last month over August as first-time buyers and investors continued to dominate the market. Foreclosure resales waned again, which helped the median sale price continue a string of modest month-to-month gains that began in May… More Here.

Joining much of the West, Las Vegas bucked the seasonal norm and logged higher home sales in September than in August – something seen only three other times in 15 years. The median sale price held at $130,000 for the third consecutive month as foreclosures continued to gradually loosen their grip on the market… More Here.

Bay Area Home Sales Up 13th Month in Row
Home sales in the San Francisco Bay Area edged up in September as buyers scrambled to take advantage of low mortgage interest rates as well as a tax credit due to expire at the end of November. The median sale price rose slightly from August … More Here.

So. California Home Sales Up 15th Month in Row
Southern California home sales edged higher last month, bolstered by late-closing summer transactions, low mortgage rates and buyers hoping to take advantage of a soon-to-expire tax credit. The region’s median sale price remained lower than in September 2008 but, for the first time in years, several counties logged year-over-year gains in the median price paid for resale houses… More Here.

Tonight in my Mastering Mini Lab Webinar, intimate, interactive call, I will cover the details on how to value your property for quick resale, how to estimate your repairs as well as your buying, holding, money and selling expenses, including a 15% profit off the resale, so you can determine the right wholesale price to pay for a property.

You must get your offer price set low enough to lock in your profits when you buy, and high enough so the seller says yes. There is a fine line, and I will show you where it is. And, tonight, attendees will get a Sneak Peak at my Excel Spreadsheet Offer Formula, given out only in Lab. You won’t want to miss Tonight. We start at 6pm Pacific (9pm Eastern)! 800-310-7730 x114 for the details.

I will also have on Panelists Coach Daryl White, investors Marc Valenzuela and Mike Melovich, who will be sharing their recent successes in the foreclosure market. Plus I will be giving away a FREE LAB SEAT to one Lucky Attendee!

Make sure you attend my Mini Lab Webinar tonight on ”how to do the math right”. Spots are filling up fast. Call 800-310-7730 x114 asap!

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Tax Credit Boosts Home Sales

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The tax credit was due to expire November 30. This extends the [...]

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Senate Agreed to Home Buyer Tax Credit Expansion

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Good News! The Senate unanimously agreed today to extend the popular tax credit for first-time home buyers and offer a new tax break to homeowners who want to move up — just as I expected in my post Update: Home Buyer Tax Credit Extension.
The existing tax credit for first-time buyers, set to expire at the end of the [...]

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Finding Phantom REO Deals

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Welcome to Foreclosures.com. You have found the best source to get great deals on Foreclosure Properties (R.E.O. real estate owned) that are NOT listed with your Realtor. Let me explain why…
Most REO lenders are holding back their inventory and not listing their foreclosures for sale. Those foreclosed homes are known as the “Shadow” or “Phantom” REO Foreclosure inventory. You will NOT find [...]

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