While looking over the month to month delinquency rates on mortgages (home that the payment is delinquent, but not in foreclosure), I have noticed that the numbers continue to decrease over last year at the same time. Let’s look over the numbers for 2012:
Most interesting to me is the drop in the number of mortgages that exist. Last year saw a drop of over Â½ of 1% in the total number of mortgages. When one consideres that the country’s population continues to grow, it appears that there will be an increase in preasure for rental units. With a continuing high percentage of properties that are in trouble (over 1 in 10), there will still be great opportunity for investors to acquire properties.
Something to consider is where can we find the best deals as invesotrs. Check out the Education tab above to see how we can help you learn to become a professional investor.