Foreclosure Heat Map

Roll your mouse around below if you'd like to feel the foreclosure heat in the USA right now.  It's pretty amazing, and it can be read in several ways.  It's sad - I agree.  We think of all the people who have and will loose their homes.  This is true.  I feel for these folks, but I simply ask that for a moment you look at the facts on the flip side, one in particular - there has never been a better time to buy a home as when prices are so deflated, and rates so historically low.  The New York Times reports (in an article published yesterday) that even "The big investors are wooed by what they see as vast opportunity.  There are close to 650,000 foreclosed properties sitting on the books of lenders."  With opportunity on the rise, "An additional 710,000 are in the foreclosure process, and according to the Mortgage Bankers Association, about 3.25 million borrowers are delinquent on their loans and in danger of losing their homes."  So, this also creates a major surge in the rental market.  Naturally families are being forced to move, and find less expensive housing situations.  NY Times continues "With so many families displace from their homes by foreclosure, rental demand is rising," and the case is definitely true here in Jackson, MS.  Rental demand is stronger than ever, and investment properties are now more valuable than they have ever been in our Mississippi economy.


Lastly, you'll see here that this active chart shows which how many foreclosures are in each state.  Thankfully Mississppi isn't at the top of the list, but because of the Perfect Storm created by our economy we are able to reap the benefits of low lending rates and overall depressed housing prices nationwide.  This coupled with the fact that the Wall Street Journal (article from August 2010) labelled Jackson, MS the tenth strongest real estate investment market in the nation means one simple thing - Now is the time to acquire investment properties in Jackson.

Makes you think doesn't it...  We'll if it does - one of the Licensed Real Estate Brokerages that I operate specializes in Asset Acquistion and Property Management.  You can check it out here.  Holler if your interested, or if you need Property Management here in Jackson for houses you've already purchased.