April 28, 2016 by Jeff Lowen
The National Association of Realtors recently released their 2016 Investment and Vacation Home Buyers Survey. The survey revealed many characteristics of both vacation home purchasers and investors.We previously posted on the vacation home market. Now, we want to concentrate on the investor real estate market.
The survey revealed that investment-home sales in 2015 jumped 7.0 percent to an estimated 1.09 million from 1.02 million in 2014.
Lawrence Yun, NAR’s chief economist discussed the increase in the number of sales:
“Despite a smaller share of distressed properties coming onto the market, investment purchases reversed course in 2015 after declining for four straight years. Steadily increasing home prices and strong rental demand appear to be giving more individual investors assurance that purchasing real estate will diversify their portfolios and generate additional income if they decide to rent out the home.”
Prices Are Also Up
The price paid by investors also increased in 2015 by 15.3%
This is all great news for the economy, but would you consider looking at an investment property to buy for yourself? Do you view it as a cash cow or a headache? Do you know of, or have a specific property criteria to use against potential investments so you only move forward with true money-making choices? …And not the money-taking ones!
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