It's like a great depression survivor that still re-uses toilet paper or something.

For the most part Millennials graduated during the worst recession since the Great Depression when there were few if any jobs.

Especially on heavily depressed properties that might have a value significantly lower than what an agent would be used to in a certain market, I've worked with agents who either took a flat fee for getting the property sold, or who took a higher percentage.

If you are trying to get a 1-4 family so you can put it on a 30yr mortgage I would say any depressed area Detroit, Cincinnati, St Louis, northern Nashville.If you are looking for more of a CoC return I would say that you can’t beat Single Family’s where rent is 1-2% of purchase price.

The word is, drop in oil has depressed the real estate market, especially multifamily rentals.

It's been a very long painful, stressful, depressing, past 3 years.

There is definitely a slow steady increase in values in Detroit but keep in mind the Eastside can be very depressed in value so you have to do your evaluation street by street.

I wouldn’t expect any wave of foreclosures that will depress prices. 

A major repair or extended vacancy and you run the risk of not paying your HELOC and losing your personal residence in the process.IMO the market is on a long downward trend, I'd suggest just keep socking savings away (in a high-interest savings acct or T-bill or CD) and using that money to buy when home prices are more depressed.

It’s been an economically depressed area in recent years but it’s definitely on the upswing currently.