More good news about the housing market

There is good news on the housing front. According to an article on STLToday.com, fewer homeowners are facing possible foreclosure.

Jay Brinkman, the mortgage bankers' chief economist, said "employment is the key driver of mortgage performance" and noted that the number of delinquent mortgage payments is falling faster than the nation's unemployment rate. Higher unemployment typically leads to more missed payments and a greater number of foreclosures over time.

 As foreclosures slow down, there are still a lot of homes on the market. The time to invest is now. If you are looking to start investing in real estate, contact us to see how we can help. We are ready to become your property management company.