Foreclosed Homes Appreciating Faster than Typical Homes
Foreclosed Homes Are Appreciating Faster than Typical Home Investors who bought foreclosed homes at the peak of the financial crisis are reaping huge rewards. Foreclosed homes that were foreclosed on during the recession are skyrocketing in value compared to the typical U.S. home. The median crisis-era foreclosed home increased 10.3% in value over the past year. Whereas, homes that were not foreclosed on only rose 6.5% overall according to a new analysis from real-estate website Zillow. Since the recession, foreclosed homes have by increased 74.5% in value . Whereas, the typical U.S. home only gained 46% in value. Granted, foreclosed homes dropped more substantially in value during the recession. Read more at MFI-Miami