home foreclosures, short saleIf you want to invest in the real estate market, it may be the best time to start looking at home foreclosures. The economic news is dreary, and there is no way to tell when the housing market will bottom out in various locations. Yesterday there was an informative show on National Public Radio that discussed many of the economic hurdles that we have to overcome to current economic crisis, but almost all the experts on the panel of speakers said that home foreclosures were the major issue that created this weak economy in the first place. They said that until home foreclosures were purchased by people or investors, the economy would continue to be weak.

They did say, however, that since we created this economic crisis, we are in charge of fixing it. People who can afford to buy home foreclosures or a short sale should take advantage of this market if they can get a loan. The more homes that are absorbed, the healthier the nation's housing market will become, and that is the number one issue facing the economic recovery. If your credit is good to great, and you have a down payment, consider buying a short sale or a foreclosed home to help yourself in the long run, as well as this lagging economy.