Even though on a national level real estate is down, there are great pockets of foreclosure deals that are just kicking butt and creating bidding wars. The worst thing you can do as an investor is to mold your real estate investing strategy on the basis of national trends. Real estate success has always come from strategic market investing and comparing your local market to national averages is like comparing apples to oranges. Find the the needle in the hay stack and in today’s market there are a lot more than you think. This market excites me tremendously.
Here is the great article I just read.