A few years ago, during the “Great Recession”, foreclosures and short sales were scooped up by investors who turned these properties into rental units. For those who had suffered from a foreclosure or a short sale, they needed a place to live and paid their monthly fee to the investors, and not gaining any equity. Fast forward to 2014. A lot of the investors who had bought the homes in 2007-2012 have now recouped enough money from their rentals and are seeing an ability to profit from their assets. Those who foreclosed or short-saled earlier in the housing game, and those who have steadily worked on their credit, can now buy homes again and start gaining equity into their homes.
There are a lot of homes available, and most likely, more will be available as the weather cools down. Let me help you buy or sell a home in the Valley!