Check out this news release from October 2009 outlining a program outlining how home owners might rent back a home they are losing in foreclosure.
http://www.fanniemae.com/newsreleases/2009/4844.jhtml
The obvious question is "have you heard of anyone actually doing this?" If this program has existed for almost two years, you would think that the regional real estate community would become aware of someone that has been able to use the program.
http://blogs.wsj.com/developments/2011/08/10/sev...I like the theme of this Wall Street Journal article on the increased interest in Vacation Homes this year.
It makes sense for a lot of reasons, but the most important is a key to owning a Vacation Home anytime or anywhere. That is to enjoy a special place, create strong and wonderful memories for families and children. And to use a place of retreat as a way to renew, revitalize and...OK. Read the link below about the fact that there are fewer listings on the market now than a year ago.
http://blogs.wsj.com/developments/2011/07/19/in-june-fewer-for-sale-signs-on-homes/
So, why is this a good thing? Well, first of all, for all those home owners that have been hearing about all the foreclosures and competing low priced inventory - you have a window of opportunity!
Yes, if you have followed the business news (or even our blogs) you know about the many problems that the larg...There are two major restraints right now for our real estate market; one is the lending standards are more stringent than they have been and second, consumer sentiment is negative. Both probably will improve, but when?
From an objective point of view, we have a very good inventory of homes at affordable prices with interest rates very low. Even for investors, this article about rising rents should be a great backdrop to investing in residential real estate.
We stand ready to guide and assist...There are many great things to do in the Finger Lakes. Our own Mary St. George has published this quick video for your viewing. Its summer time at Keuka Lake and all the Finger Lakes…don’t miss out!!
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This information brought to you by Dave Reeve, Owner/Broker at Wine Trail Properties.
