Home Prices Down for Fifth Consecutive Year
CoreLogic released it December HPI (Home Price Index) ananlysis recently. It shows that in 2011 Home Prices were down 4.7%. According to CoreLogic this is the Fifth Consecutive year that Home prices have decreased.
"While overall prices declined by almost 5 percent in 2011, non-distressed prices showed only a small decrease. Until distressed sales in the market reced, we will see continued downward pressure on prices," said Mark Fleming, chief economist for CoreLogic.
Ok so this isn't great news. This report shows that Housing market is still in the tank. This coupled with current jobs data, means that recovery for the home market is a long ways off.
The silver lining in all of this though is that there is an unprecidented opportunity for CASH buyers to make incredible returns on investment in Real Estate, by buying those distressed properties in the CoreLogic Report.
One may ask "Wouldn't we just be contributing the overall problem?" This simple answer is NO. The problem already exists. The only way for the problem to go away is for the distressed properties to be bought, and turned into viable assets.
So while the rest of the market is struggling, become part of the solution and Invest with AMOSO and we will do our part to fix the economy one distressed asset at a time. We will turn those distressed assets into viable economic benifits rather then burdens.
Not to mention the excellent returns you will see while doing your good deed for the US housing market and economy.