Three Simple Ways to Make Money in the Housing Market
Jan 29th, 2009 | By Christian Hill | Category: FeaturedThe December Existing Home Sales report actually surprised to the upside, posting a gain of 6.5 percent versus November. This equates to roughly 290,000 units.
Here’s the bad news: These sales aren’t from eager buyers who got priced out of the market during the run up over the last few years. The buyers are vultures, swooping in and cleaning the carcass. Over 45 percent of the sales were “distressed” according to the report.
That is bad news for the market. It is just the beginning of a viscous cycle with three simple ways you could use to profit.