foreclosed homesForeclosed homes are bringing down the health of the housing market. This is not breaking news by any stretch, but the news eking out from the Realtor community is that the resale activity is picking up. It seems that people are starting to buy the foreclosed homes more aggressively. They report multiple offers on homes which is very good news, indeed. If you are in a position to make a down payment and assume the financial responsibility that owning a home conveys, think about buying a foreclosed home as a good investment.

If you want to really save money, look at foreclosed homes that need some fixing up. There are a surprising number of them that need paint, carpeting or other flooring, and yard work. These homes are the very best values. You might even fix it up to the point where you can make good money buying, fixing up, and reselling the homes time after time. It wouldn't be the first time someone became a millionaire doing fixing up and flipping. If you're handy, give it some thought.