Rentals boosted by Foreclosures

This article covers a lot of ground between plans by Fannie Mae to rent homes up to 5 years to lenders selling foreclosures in bulk to investors.   Regardless of the place the foreclosure ends up, the article hints that sales prices maybe stabilizing, and that rentals are the big focus for investors as rental prices go up from new demand and easy foreclosure inventory.  I think the biggest take aways are:  buy and hold (not flip), and also banks are considering stabilizing the market by holding their own inventory and renting it.    This indicates rentals are a good way to go for current home owners, investors and banks.

How can you as a home owner benefit? Simple, if you have a desire to move closer in town or upgrade to a bigger home, this could be the right time. You can easily rent out your existing home, hopefully with positive cash flow, and purchase the upgrade home cheap!  This market can present some win wins!

See article: http://www.pe.com/business/realestate/stories/PE_News_Local_D_rentals03.3a0741f.html