Here’s a list year to year how many short sales are completed in this country. And we can see every year more and more short sales get completed. So you might be thinking back a couple years when it was almost impossible to get a short sale through. But this year, people are projecting over 500,000 short sales will be completed. So there’s a tremendous demand right now, tremendous demand. Thanks KCM Crew
There are going to be over a half a million short sales done in the country this year. We have to take advantage of that and now people are realizing the opportunity in short sales more and more. The percentage of investors buying homes climbs from 20.0 percent of all transactions in September to 24.2 percent. Thanks KCM Crew
NAR came out explaining and the “Wall Street Journal” reported on this, sales of investment and vacation homes surged in 2011; the latest evidence that the investors in higher income households are taking advantage of low home prices to scoop up bargains. Vacation homes went up seven percent. Those are wealthy people who can afford that second home. What they’re saying is now’s the time to buy. Investors who probably look at the numbers closer than anybody, the numbers of homes purchased by investors, is up 65% over the last year; big numbers. Let’s make sure that we understand that the corporations that are advising their investors what to do are saying housing’s about to rebound. The people of wealth are buying more vacation homes than they did the year before. The investors, who’ll only look at the dollar numbers in most cases, are saying now’s the time to buy. As a matter of fact their purchases are up 65%. Thanks KCM crew.