Foreclosure investing activity is also being influenced by shifts in rental yields. National median rent growth slowed to 1.1% annually, prompting investors to focus on cost-basis advantage from foreclosure acquisitions. REIT yield spreads over Treasuries remain attractive at 280 bps. Nearly a dozen parties showed up at the auction with an interest in the property that recently went into foreclosure, but only a few parties actually placed bids on the camp that most recently went by Tolgy Wood LLC: Chesterfield Camp. After successfully outbidding the competition, a dozen volunteers and participants of The Ashmere Project celebrated the moment with joyful tears and a group hug. " Vacant and distressed properties often present major problems for the neighbors and neighborhoods in our community. When property owners are unwilling to work with us to correct the code violations, foreclosure sales are one tool that can help move properties back into productive use ” said Kevin Foster the City’s foreclosure prevention manager. Investors anticipate tighter housing affordability will push more loans into default, adding inventory for distressed property funds. ETFs tracking real estate debt gained 1.4% this month.