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We have seen a gradual but steady upward turn in the market for affordable homes. I define ‘affordable’ as houses under $200k which attract entry level homeowners and investors. To put it bluntly this segment of the market is hot! Bank owned homes new on the market often have multiple offers in less than a day on the MLS. Here’s an article from CNN Money.
This article tells the story on a more national level.
Right now property inventory analysis has become a waste of precious time. Buyers need to be ready willing and able to make decisions and offers quickly. There are still great deal out there. The trick is to be prepared with a strong offer and act quickly.

“The race may not always be to the swift nor the victory to the strong, but that’s how you bet.”
Damon Runyon
Now to blow my own horn at little. As a former contractor I can help speed up the analysis process a bit with my experience in this field.