Market Research Indicates That Investors Like this Market
May 31, 2011
An article in the on-line Inman News cites data from a nationwide survey conducted on behalf of Realtor.com operator Move Inc. Market research firm GfK Custom Research North America conducted the survey from April 11-15, 2011. The survey included telephone interviews of 1200 adults, of which 200 were identified as real estate investors. Not a large sampling, but the data collected is interesting.
One third of the real estate investors plan to buy in the next 24 months. Half plan to hold the properties for five or more years. Eleven percent plan to sell within a year of purchase. Forty-two percent plan to spend their own time and energy doing necessary repairs..
More than half of the investors expect home prices to remain the same in the next six to twelve months. About sixty-nine percent expect it would be easier to find properties in the next six months, though 43.5 percent expect it would be harder to find bargains.
It would seem to me that if investors are planning to purchase real estate now, perhaps owner occupant buyers might also recognize that the present real estate market offers many opportunities. At the moment loan money is available and is historically cheap (4.5 to 4.75 % for 30 year fixed). FHA still only requires a 3.5% down payment. As an owner occupant buyer, you could have the advantage of picking a location and a home environment to suit your lifestyle needs. That is certainly a plus. So check out those open houses and real estate ads. Find a real estate agent that will give you assistance and you can take advantage of the market that investors see as the best ever.
An article in the on-line Inman News cites data from a nationwide survey conducted on behalf of Realtor.com operator Move Inc. Market research firm GfK Custom Research North America conducted the survey from April 11-15, 2011. The survey included telephone interviews of 1200 adults, of which 200 were identified as real estate investors. Not a large sampling, but the data collected is interesting.
One third of the real estate investors plan to buy in the next 24 months. Half plan to hold the properties for five or more years. Eleven percent plan to sell within a year of purchase. Forty-two percent plan to spend their own time and energy doing necessary repairs..
More than half of the investors expect home prices to remain the same in the next six to twelve months. About sixty-nine percent expect it would be easier to find properties in the next six months, though 43.5 percent expect it would be harder to find bargains.
It would seem to me that if investors are planning to purchase real estate now, perhaps owner occupant buyers might also recognize that the present real estate market offers many opportunities. At the moment loan money is available and is historically cheap (4.5 to 4.75 % for 30 year fixed). FHA still only requires a 3.5% down payment. As an owner occupant buyer, you could have the advantage of picking a location and a home environment to suit your lifestyle needs. That is certainly a plus. So check out those open houses and real estate ads. Find a real estate agent that will give you assistance and you can take advantage of the market that investors see as the best ever.
posted by shirley harry at 8:26 AM
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