More Signs Look Positive For the Housing Market

How to profit if you can’t buy your own home or an investment property.

1.       Consider buying a mutual fund that invests in apartments as rents are increasing.

2.       Invest in lending institutions as interest rates are starting to climb, and these institutions tend to make more money when that happens.

 

From DS news

Report: Foreclosure Inventory Falls 24% from Year Ago

Foreclosure inventory continued to shrink in April, with the number of homes in some stage of the foreclosure process down 24 percent year-over-year, according to data from CoreLogic. About 1.1 million homes sat in foreclosure inventory in April compared to 1.5 million properties a year ago, CoreLogic reported. The data provider also reported the number of homes lost to foreclosure decreased 16 percent year-over-year in April to 52,000. » Read More

 

FDIC Institutions See Record Earnings in Q1, Problem List Shrinks

Together, commercial banks and savings institutions insured by the FDIC earned record profits in the first quarter, while the number of "problem" banks continued to decline. According to the FDIC, net income for FDIC-insured institutions reached an an all-time high of $40.3 billion in Q1, up by 15.8 percent from last year. FDIC's list of "problem" banks was reduced for the eighth straight quarter, decreasing to 612. Two years ago, 888 banks were on the list. » Read More

 

- Sunil Sethi

SUNIL SETHI REAL ESTATE

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