Watch Closely...This May Be A Sign Of A Turnaround

Pay close attention! This article is an indication that there may be signs of a turnaround in residential real estate. For those of you that are economic historians you will agree that by the time the "average Joe/Jane" gets into any market (real estate, stocks, etc) that market usually makes a turn in the other direction. If average investors are looking to buy discounted real estate it means that the discounts will likely go away. Here are a few things relevant about this article:

1. average investors are attending foreclosure sales again. a distinct turnaround from a year ago
2. in the case of this particular article, homes are selling at auction for up to 75% of value
3. there is money out there.
   

For those of you that are still beating your heads against the wall trying to buy assets in the 40's-50's with the hope that you can flip it at a profit, you may want to consider a new acquisition strategy that allows to get the same return but may require a longer holding period.