Savvy investors are always the first to take advantage of a profitable housing market and the results of a new survey indicates just that.
More than 12 percent of homebuyers today plan to purchase a home as an investment, compared to less than half, only 5.6 percent, just seven months ago, according to a recent Move.com Homeownership Survey.
"Affordable prices and ample inventories are restoring the appeal of real estate to investors while providing opportunities for first time home buyers to enter the market," said Move, Inc.'s chief revenue officer, Errol Samuelson.
Low interest rates combined with the home-buyer tax credit are helping some take the practical approach to investing by buying their own home first.
In some markets, especially resort and vacation rental markets, where rents are higher, conditions bode well for investors who want to enjoy positive cash flow as they wait for equity to build.
Thursday, January 28, 2010
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