After about a year and a half of accelerating rates for declining home sales we are finally receiving evidence that the real estate market is turning the corner, at least in most areas within the US. The latest US Housing Numbers (released July 30, 2009) reported that the rate of declining home sales is decreasing at a lower rate and is on a path of actual overall growth by years end.

Possibly related is the fact that the majority of areas in the US are starting to see the values of their homes increase once again. This is a long time coming as many people have seem their home investment turn upside down, meaning the mortgage owed is more then the house is worth. So with the housing prices starting to rise it signifies hope that more homeowner will be above water again before long. This financial and emotional lift is actually just starting to improve overall morel, which bottomed in March of this year, and many feel will cause a chain reaction to remove the US out of recession quicker then originally forcasted.

Simultaneously the number of foreclosures is still increasing resulting in a surplus of foreclosure homes on the market for investors to choose from. Surprisingly there have been more then 1.5 million homes that received a foreclosure filing in the first half of 2009. Obviously at this juncture real estate investors can get a great deal on a foreclosed home, often 30%-40% less then the houses bare cost (building costs and land value), and feel secure with the investment as the price of non-foreclosure houses are increasing in value. So not only are foreclosure investors receiving a huge initial discount on a home they will start to benefit from property appreciation.

So if a house with a bare cost of $100,000 is foreclosed at 40% off  ($60,000) and the street value of the house is 30% above it’s bare cost ($130,000), then the investor has the potential to more then double his money in a day ($70,000 profit in this example). Believe me it happens more then you think, although in most cases it’s more then a day to resell a house, as it typically needs a little TLC to make it appealing to the general public.

This method of obtaining deeply discounted houses, improving curb side appeal and flipping or renting will continue to be a great investment because the majority of home purchasers either doesn’t understand or don’t want to take the time to buy a much cheaper foreclosure home and make the minor cosmetic fixes themselves.

To visit the number one source for pre-foreclosures, foreclosures, tax sale properties, or FSBO with thousands of foreclosure auctions and over 500,000 listings check out Government Auctions (80% annual discount) or to see an impartial review visit Government Auctions Review. This review is unbiased because we have no ownership or association with any Government Auctions site and are free to recommend who we feel is the best and most reliable in this field.

How would you like to receive great deals on a new vehicle, house, jewellery, furniture, or electronics? You can find good deals on all of them if you participate in government auctions! Due to foreclosures, repossessions, and surpluses, the government will often offer bidding on these items at government auctions.

Imagine how nice it would be to purchase a decent car for as low as $100! Due to the current housing crisis in the United States, more homes than ever are being sold for very low prices at government auctions. Just think for a moment; your dream home could be being sold at a government auction right this minute for as low as 90% off its original price! If you’re a small business owner, you can find many office supplies at government auctions as well. You can even earn money yourself by purchasing these items at amazingly low prices and selling them for more! Read the rest of this entry »