Who ever said Real Estate investing was easy was probably not investing, but those who have stuck with their dreams and have developed a system that works in up and down market conditions will more then likely come out a winner.
In the US 1 in 8 homes are overdue in their payments. When late payments increase, the foreclosure proceedings will also increase, and when foreclosures increase properties will be available at a discounted rate. When properties are sold under these conditions the struggles are far from over.
It has been forecast that 48% of mortgages held in the US will owe more money than their properties are worth before the end of the housing recession (Deutsche Bank report). Also the forecast for the percentage of borrowers in the United States owing more than 125% of their properties value will be increasing to 28% of all mortgage holders.
With these factors unfolding it could lead to further US housing declines for several years to come.
Hans Anderson
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Tags: continue, Real estate, struggles, US