Realty Trac reported that there were 1,887,777 foreclosure filings in 2011 in the US resulting in 804,423 homes taken back by lenders as REO properties which is almost 43%. Though this is a staggering number it is actually down 34% from 2010 and 19% below 2009. According to Fannie Mae‘s latest outlook the US economy is projected to grow 2.3% for the year. Interest rates are at an all time low with 30 year rates dropping to 3.89% and a 15 year rate had hit 3.16%. In Dane county there are 301 properties under $150,000 -50 properties under $100,000 – 4 under $50,000. This is a very interesting time in real estate and a great time to purchase a home at a discounted price. Dane County has always been a relatively stable market, due to it’s good employment base and continuous demand for housing. We were not hit as hard by a declining real estate market as much of the country. There are great opportunities for home buyers on a budjet to find an affordable home of for people looking to invest there remains to be continous opportunnities to purchase discounted homes, invest in some rehab, and receive a return on investment surpassing most other investments available.