Foreclosures on Homes
I guess with the housing market in an up roar right now, that foreclosures on homes are at a all time high. This may continue to increase and I’m sure a lot of home owners will be needing foreclosure help now or in the near future. I do think things will settle down later in the year and things should improve in 2009. The remainder of this year is going to be tough on home owners, the builders and even the home supply stores. I believe a lot of investors are scared of this on Wall Street, but I think there is a good buying opportunity right now. The stock market is going to need time to rebound, but a lot of the housing factors in the market currently, have already been factored in. So I think investors could do well in 2009 if they decide to invest in some of the housing related stocks and this does include the hardware stores that provide supplies to home owners. Just hang in there if you have already got investments in the housing industry and see if adding any new money makes sense for your portfolio in 2008.
