Guide to Housing Market Cycles

Housing Market Cycles | Ken McElroy Image

The housing market may seem unpredictable, but the fact is, housing cycles always conform to the same patterns we’ve been seeing for almost 200 years. Each housing cycle is comprised of four phases: recovery, expansion, hyper-supply, and recession. For real estate investors, knowing how to respond to each of these phases will empower you to […]

Scoping out the perfect short sale home

Finding Short Sales | Ken McElroy Image

Finding the Right Short Sale Property
If you’ve been considering an investment in real estate or buying a home, you may have found yourself looking at short sale listings. But what exactly is a short sale? A short sale occurs when a lender allows a homeowner to sell their property for less than they owed on the existing mortgage. This process allows the lender and the homeowner to avoid the lengthy and costly foreclosure process. Unlike regular home sales, in a short sale, the lender is actually the one approving the sale