Best cities to invest in rental homes

In Las Vegas, investors willing to take a gamble could win big CHICAGO (MarketWatch) — The housing market in Las Vegas may continue to struggle, but for investors, the city is the best place to buy a home and rent it out, a new report revealed on Monday. HomeVestors of America and Local Market Monitor …

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GSEs’ Long Run of Declining Delinquencies Comes to an End

For the first time in over a year neither Fannie Mae nor Freddie Mac are showing any downward movement in their seriously delinquent mortgage rates. Fannie’s percentage of single-family loans at least three payments past due remained unchanged between the months of June and July at 4.08 percent, according to the latest monthly summary report …

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After a jump in August, foreclosures begin again

New foreclosure actions in states along the country’s West Coast returned to levels in line with prior months during September, according to ForeclosureRadar, a California-based company that tracks every foreclosure in its five-state coverage area. The leveling off in September follows a strong surge in foreclosure starts during the month of August in the western …

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1 in 4 O.C. homes are mortgage-free

Imagine not having to pay rent or make mortgage payments. In Orange County, almost 1 out of every 4 homes is in that category because their owners don’t have a mortgage, according to U.S. Census data. We’re talking 100 percent equity.  Housing costs as low as $500 a month. And the number is growing. The …

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