Market Update for Real Estate Investors Ready to Buy

If you're a real estate investor looking to buy properties, then this real estate market update is just what you're looking for.

According to several real estate indicators, the next 12 months are going to be a prime time to purchase real estate in the U.S. housing market.  The sub-prime meltdown producing record foreclosures and a high inventory of houses sitting on the market equals low-prices around every corner and tons of opportunity.

As a whole, most market prices have fallen. Some have done so in record numbers - California being the most recognizable example at 40%.  And many other markets will slow down even further as the winter hits us and the credit markets continue to adjust and recover from a quiet summer.

The biggest opportunity by far is the massive over-supply of housing in most markets - California and Florida being the best examples.  Many are taking advantage of the opportunity to scoop up under-valued properties in these markets, but you don't need to fly across the country to find a good deal. Chances are if you are an investor paying attention to even something as simple as for sale signs in your neighborhood, there is a tangible existence of oversupply which means much for the taking.

The other great opportunity, which doesn't always have a yard sign attached to it, is the pre-foreclosure market.  Many properties are on their way to the auction block with sellers waiting for a reasonable deal to help them walk away from their mortgage debt and a very tough year. If you review pre-foreclosure listings,  which is easy to do through a pre-foreclosure website or add a title officer to your investment team that can send you lists each week, there are hundreds of opportunities to research and consider.

Another great place to look for deals is in new properties where overzealous builders are desperately trying to get rid of their remaining inventory - some properties that are practically finished with prices slashed so many times you can walk into a new home at the price of a condo. Some builders have been giving away free cars in the garage it's gotten so tough.  This is a definite niche to explore.

Don't let the credit market implosion of August scare you away.  Loan programs are returning and for those of you who already have excellent credit and liquidity, there is nothing to worry about in terms of acquiring loans.  Lenders are getting very used to short-sale and alternative-negotiated purchase and sale situations. They are ready for you. The market is yours for the taking.