“Home sales: Worst drop in 18 years???”
CNNMoney.com is reporting that home sales of existing homes have had their worst drop in 18 years (Home sales: Worst drop in 18 years) but is that really accurate?
I’m not disputing the numbers but isn’t this report tailored to real estate agents and residential home owners/sellers?
Why should real estate investors care about this report?
Let’s see, the subprime market is gaflooey so demand for homes purchased with subprime loans has fallen off a cliff, right?
Well don’t you think that those borrowers being denied subprime loans still want to buy a home?
They sure do!
What does that mean for real estate investors?
It means that real estate investors looking to lease-option, owner finance and rent to own homes are going to have buyers literally knocking down their doors!
This report (and properly understanding it) are great news for real estate investors (<– notice “investors” NOT flippers!)
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