Latest News
Broker-assisted orders are
an additional $6.00.
Investors take advantage of housing market
Tuesday, April 03, 2012
Investors are scrambling to buy up as many houses as possible, in light of recent economic and industry news.
Homes prices are down from their peak by more than a third and the market is flooded with foreclosures, which is bringing investors out of the woodwork who are interested in getting a good deal on these properties, according to The New York Times.
In response, Waypoint, a real estate group, signed a $400 million deal with GI partners, a private equity firm, in an effort to buy as many as 15,000 new homes by the end of the year, the news source stated.
“We realized that there is a tremendous amount of brain damage around acquiring single-family homes, renovating them and renting them out,” Colin Wiel, a Waypoint co-founder, told the news source. “We think this is a huge opportunity and we are going to treat it like a factory and create a production line to do this.”
The latest Mortgage Monitor report from Lender Processing Services revealed the foreclosure starts and sales reported for February reversed the increases recorded in January, and mortgage originations declined for the fourth consecutive month.
After learning more about the housing market and its affect on the stock market, potential investors may want to speak with discount brokers to talk about affordable trading options.
Sign-up for the eOption Daily Market Report
eOption’s Daily Market Report is a timely and informative service detailing equities that have recently met classic chart pattern conditions for bullish and bearish equities. To receive the eOption Daily Market Report, you must be a current client and have a current email address on file. Please contact support@eoption.com or login to your account and enroll for electronic statements or confirms. More Information
