3rd Consecutive Week Of Positive Housing Data

This article marks the 3rd consecutive week of positive housing data. I have a question for those of you still waiting...

• last year you waited to see who would become President...Barrack Obama
• Then you waited for the new President to take office... January 2009
• Then you waited for the bailout funds ... over $1.5 Trillion
• Then you waited for Obama's new plan...March 2009
• a year ago packages were being offered at 45-50 cents on the dollar
• 6 months ago packages were being offered at 50-55 cents on the dollar
• 3 months ago package were being offered at 55-60 cents on the dollar
• now banks are having success selling via MLS at up to 98 cents on the dollar

All the while, the housing market has shown signs of stabilizing (nationwide). There are fewer, verifiable bulk REO packages being offered and those that are being offered have asking prices 20% higher than a year ago. Now with the Neighborhood Stabilization Program fully funded and in place your investors will now be competing with State, County and City municipalities for real estate acquisitions (who do you think the banks would prefer to sell to, your investor or the State?)

The REO 'flip', 'assign', 'pass-thru' market has pretty much dwindled to a slow trickle. It was helpful in uncovering frauds and fakes, but how many deals were actually closed vs the enormous volume of deals that we were all involved in?.

The market is now ripe for legitimate, qualified, experienced investors to cautiously re-enter the market with sound acquisition and exit strategies. Those investors with buy/hold, buy/rent, buy/rehab and even realistic buy/sell strategies are taking advantage of low home prices and increasing demand. Lenders are inundated with qualifed buyers utilizing FHA financing and the new first time homebuyer tax credit has brought that segment of the market back to the levels we experienced during the housing boom.

So here's my question: What are you waiting for now????? Are you chasing the trend or profiting from it?