All the Real Estate News That’s Fit to RE-Print™
Welcome to our weekly edition of Hot Real Estate Investment News.
Good news and optimism continue for the real estate market. New-home sales rose in September to the highest level in more than two years, and 62% of metros showed a decrease in foreclosure activity for the third quarter.
Here’s what we think is the BIG news: Zillow has decided to make things easy for thrill-seeking investors who are trying to track down unlisted, invisible inventory.
Here are the real estate investing related news items that caught our attention this past week. We hope they help you stay up-to-date with your real estate investment strategies and inspire some profitable real estate deals for you.
CNNMoney’s Chris Isidore reports:
“In another sign of a housing market recovery, new-home sales rose in September to the highest level in more than two years, according to a government report released Wednesday.
Sales sold at an annual rate of 389,000 homes in the month, according to the Census Bureau report, up 5.7% from the 368,000 sales pace in August….”
On Thursday, RealtyTrac released its Q3 2012 Metropolitan Foreclosure Market Report, which shows third quarter foreclosure activity decreased from a year ago in 131 out of the nation’s 212 (62 percent) metropolitan areas with a population of 200,000 or more….
Esther Cho from DSnews.com reports:
“Instead of finding clever ways to chase shadow inventory, Zillow has decided to make things easy for thrill-seeking homebuyers and investors who are trying to track down unlisted, invisible inventory.
The real estate data provider announced Thursday it is now providing information on 1.8 million pre-foreclosure and foreclosed properties at no cost. The homes provided through Zillow are not yet listed and apparently, are yet to be found on any Multiple Listing Service (MLS).”