Real Estate Pro Articles
   
   

Foreclosure Tax Lien Investments Might Increase As Home Prices Drop



[Valid RSS feed]  Category Rss Feed - http://www.realestateproarticles.com/rss.php?rss=265
By : John Cutts    99 or more times read
Prices of homes in several key markets of Texas are expected to drop further in 2011. Some analysts are expecting that the decline in prices will encourage more tax lien investments and residential property buying in the state. Majority of major housing markets in the U.S. are projected to record further declines in housing unit prices this year.

Prices of Fort Worth repo homes and other residential properties are expected to decline by around 1.2% this year. For the area of Dallas, a decline of almost 1.5% is predicted for 2011. Majority of housing analysts believe that the key areas of Texas will experience continuous drop in housing unit prices until the 2011 third quarter, with prices projected to flatten in the fourth quarter and start rebounding by 2012.

Housing market observers attributed the forecast to the huge supplies of foreclosed and repossessed homes in Texas, which are weighing the values of homes down. They also stated that, although foreclosure activities seemed to have waned somewhat in December of last year, the number of bank owned properties increased during the same month.

These bank owned and foreclosed houses, analysts stated, are being offered at very low prices and will inevitably pull the average selling prices of all types of residential properties down, including those that are being sold to investors who purchase properties for foreclosure tax lien investments purposes. However, a number of analysts offered hope to area home sellers by declaring that prices will start to recover by 2012 and will be much stronger come the third quarter of that year.

The biggest decline in residential prices, including rates for homes in repo house listings, is expected to happen in San Antonio, with the metro region projected to record an almost 2% price decline during the year. Aside from San Antonio, Fort Worth, and Dallas, the rest of the state's metro regions are expected to record price declines of less than 1%.

Although the forecast does not bode well for realtors and home sellers, it can be an opportunity for homebuyers and people involved in tax lien investments. Those who have held off purchasing properties in the hope of further declines in prices might get their opportunities this year.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

Related Articles



Actions
Print This Article
Add To Favorites



Sponsors

 

 

© All rights reserved to Real Estate Pro Articles