😱 Abandoned Homes and Sinking Sales
Uncover the Hotspots of Neglected Homes and Cooling Markets
Alright, strap in, folks, because we're about to take a rollercoaster ride through the mad real estate market.
First stop, Zombieville.
Missouri's got a zombie problem, they’ve got homes that are so neglected, that they're practically begging for a TLC reality show.
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Then there’s Case-Shiller's out here like a doomsday prophet, warning about its 4th consecutive price drop.
Last but not least, let's talk trends.
Forbes can’t stop talking about the wonders of built-for-rent spaces.
Think of them as the mullets of the housing world: business in the front, party in the back.
In this edition of the AltReports:
🏠 Property Purgatory
📊 Market Mayhem
💰 Interest Intrigue
🏘️ Rental Rage
🌶️ Sizzling ZIPs
Video of the Week: 1st Inning of the CRE Correction
Chart of the Week: Cash Yields Now Exceeds Stocks
Podcast of the Week: Pre-Foreclosure Scripts to Close More Deals
The Zombies are back—homes so unloved, even their owners ghosted 'em.
Missouri's leading the zombie apocalypse with a 51% increase, while Texas is cleaning house, down 33%.
Cedar Rapids, IA, is the zombie capital, and Fort Myers Beach, FL, is the zip code you wanna avoid.
The housing market's a hot mess right now.
The Case-Shiller index says home prices have dropped for the fourth month in a row.
Meanwhile, the National Association of Realtors is also singing the blues with their first month-to-month dip.
Bethany Liou, a businesswoman with a spicy past involving a $50 million settlement in a federal case, is now suing to stop a lender from foreclosing on her 63-unit condo complex.
She claims Mechanics Bank illegally raised the interest rate on her loan from 2.6% to 7.6%, causing her monthly mortgage payment to nearly double and leading to a $2 million windfall for the bank.