Top Real Estate News for Wednesday, Nov. 10, 2021: Foreclosures Sink; Prices Soar
When eviction and foreclosure moratoriums expired in August, the expectation was that trouble was in store for millions of Americans who were in some stage of mortgage or rent delinquency. Motley Fool contributor Liz Brumer-Smith explains that while many were bracing for a flood of new foreclosures, the latest data show just the opposite: Foreclosures have fallen.
The takeaway: This is a positive sign for most homeowners, renters, and many investors, indicating the housing market's strength. For investors looking for good deals on flips and rental properties, maybe not so much.
Modiv has announced that it plans to seek a direct listing next year. The real estate investment trust (REIT) would be the first one built via crowdfunding to list on a stock exchange.
Source Fool.com
