Monday, October 26, 2009
Based on a recent study, now is the best time to buy bank foreclosures instead of renting. The study was done in 20 metropolitan areas nationwide. In cities like Detroit, Michigan and Pittsburgh, Pennsylvania, renters can actually reduce their monthly costs by buying homes instead of renting.
Other cities where buying is expensive than renting include Memphis, Tennessee; Rochester, New York; Cleveland, Ohio; Tampa, Florida; Dallas, Texas; Columbia, South Carolina; Providence, Rhode Island; and Las Vegas, Nevada.
According to Industry experts, foreclosure crisis has pulled down home prices and values from Riverside, California to Tampa. But in last few months, there has been increase in activity in housing markets, where in first time buyers are offered tax credit facility of nearly $8000 by government. Now is the best time to buy bank foreclosed property.
Other cities where buying is expensive than renting include Memphis, Tennessee; Rochester, New York; Cleveland, Ohio; Tampa, Florida; Dallas, Texas; Columbia, South Carolina; Providence, Rhode Island; and Las Vegas, Nevada.
According to Industry experts, foreclosure crisis has pulled down home prices and values from Riverside, California to Tampa. But in last few months, there has been increase in activity in housing markets, where in first time buyers are offered tax credit facility of nearly $8000 by government. Now is the best time to buy bank foreclosed property.
posted by Avoid foreclosure, We buy houses, Stop foreclosure
@ 5:26 AM
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