Just about everyone even teenagers who are the most self-centered creatures on earth realizes that the real estate market is volatile right now. The housing boom of several years ago has undergone a metamorphosis and we are now in a buyers market, a slow market, a foreclosure boom, or simply uncertain real estate conditions.
As such, you may be hesitant to invest in real estate or purchase a home instead of renting. That can be understandable; it is frightening to look around and see friends, business associates, neighbors, and even strangers all facing the difficulty of home foreclosure.
However, there is one basic principle that is true no matter what you are investing in. You are supposed to buy low and sell high. The current real estate market conditions are favorable for that. Even houses that have not gone into foreclosure are definitely less expensive than they would have been sayfive years ago.
Homes that have been foreclosed on may actually be a real steal if you want to invest or need a place to live. If you have a stable income and want to purchase your first home or just a different home, you may want to seek out a home foreclosure list a...
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