The key message for this week comes from the National Association for Real Estate Editors Conference as reported by Urban Land Institute that the US housing industry is set to make a gradual recovery over the next year, and the recovery process will be very much scattered across the US.
Jobless claims have fallen by 26,000, the biggest drop since January, probably fueled by no summer shutdowns by the auto industry.
Freddie Mac has a news release listing its role in assisting housing industry and homeowners state by state. Check our facebook updates for the total investment, the number of homeowners served, and renters served by FreddieMac for each state.
According to real estate data service Realty Trac, Georgia has shot to number one position in foreclosures nationwide in May with one foreclosure filing for every 300 homes.
Georgia has decided to use its $99 million share of the foreclosure fraud bank settlement to help attract new industries to the state for potential job growth to improve the economy – The State’s move on job creation is an excellent one in HomeUnion’s opinion.
There is a key analysis on the recent US Economic growth released by the US treasury. It is an easy to read document with excellent charts and link to the documents is available on our facebook page.
A Massachusetts borrower makes his final house payment in pennies – with 62,000 pennies in two steel crates weighing approximately 400 pounds each – Savings do pay off!!
The Wall Street Journal reports that the US housing bust is over with rising home prices, reducing inventory of unsold homes, builders working on 26% more single family homes in May 2012 (than in May 2011), and with the industry contributing to 0.4% of the 1.9% growth in GDP.
Take advantage of investing in fragmented recovery markets
How can a passive individual investor take advantage of these markets fragmented across the country? Seek the answer from HomeUnion in acquiring hand picked fully managed cash flow homes listed by the company’s local property providers. The homes are fully renovated, sold to investors with tenants in place and managed by the local providers after the sale.