March 12, 2009 Home Prices Soar. Many Use Self-Directed IRAs as Investment Tools
March 12, 2009
Real Estate News
CALIFORNIA– “Home sales soar as buyers snap up deals” According to an article in the Ventura County Star “Sales in Ventura County spiked 86.3 percent from previous December, reported CAR [California Association of Realtors]. Winter months typically are slow, but the market has been anything but normal for the past two years.”
According to Bloomberg.com, “The delinquency rate for North American commercial real estate loans in mortgage backed securities may triple in 2009 as loans default,” Standard & Poor’s credit analyst Eric Thompson said in a Feb. 17 statement. “As properties fall into foreclosure, investors are purchasing properties at rock-bottom prices.”
Bank News Investors abreast of current forty-year low real estate pricing in some markets have begun to use self-directed IRAs to invest in undeveloped land, rental properties, commercial properties, as well as purchasing power to buy foreclosed properties from banks, reports the Retirement Investment Property Corp (RPIC). For more information, visit: www.wealthyira.com
RPIC’s mission is to help educate the public, Real Estate professionals, CPAs, the legal profession, registered investment advisors and certified financial planners about how to secure a wealthy retirement by investing self-directed IRAs in real estate.| < Prev | Next > |
|---|

