Update on Home Prices

Good Morning,

   Welcome back, as we're half way through the week.

   Two of the leading Home Price Indices were released yesterday; the S&P/Case-Shiller Home Price Index and the FHFA Monthly House Price Index.

   The S&P/Case-Shiller Home Price Index came in with, "nine markets – Atlanta, Charlotte, Chicago, Detroit, Las Vegas, Miami, Portland (OR), Seattle and Tampa" at their, "lowest levels since home prices peaked in 2006 and 2007". Similarly, The FHFA Monthly House Price Index, came back with a 4.3 percent drop in U.S. prices, "For the 12 months ending in November".

   These numbers show us that there is still a long way to go.

   Double-dip in Home prices? Do you agree?


Have a Great Week, and Happy Rent-to-Owning !
Regards,
Rob Eisenstein
HomeRun Homes Blog http://blogging.lease2buy.com
HomeRun Homes Website http://www.lease2buy.com

Rent-to-Own Transactions Move into Mainstream

Hi Everyone,

Hope you are all having a great week. We are extremely pleased to share with you an article that was done on Rent to Own by a major, authoritative website, American-apartment-owners-association.org.

The article, titled, "Rent-to-Own Transactions Move into Mainstream" (http://www.american-apartment-owners-association.org/blog/2010/06/24/rent-to-own-transactions-move-into-mainstream/), provides HomeRun Homes some fantastic publicity, and it describes HomeRun Homes as, "a highly-ranked online classifieds service matching properties to buyers/tenants".

Within the context of the article, they quoted me when I discussed some of the best markets for Rent to Own (also called Lease Options or Lease Purchase), as Atlanta, Central Florida, North Carolina, California and Chicago, because, "...of the severe decline in home prices in those areas, coupled with a rough economy that poses credit hardships on many buyers".

I was also quoted as saying, "Rent-to-own gives investors a creative option when dealing with slow-moving or distressed properties", and, “At least you know you have someone in the property who wants to be there."

Kudos to that great website for spreading the word about Rent to Own Homes.

We will be checking back in with you on the housing numbers of this week gone-by.

Have a Great Day, and Happy Rent-to-Owning !