Real Estate Investors Buying New Homes For Sale
Real estate investors in the US are snapping up new homes for sale at a rapid pace, despite the fact that the housing market shows no signs of life yet. It is likely that without this support, property values would be in even worse shape then they are today.
Investors make up less than 20% of all home buyers, but in recent months they've been quietly accumulating about 35% of all homes sold each month. These investors are expected to become three times more active than typical buyers of the next two years as well, based on survey data. Today's market climate has made investing in real estate an even more attractive option for a wide variety of little known buyers in communities across the country. Many are typical homeowners who can't or won't sell their home at today's prices, so they opt to rent them out instead until prices improve. Others are taking advantage of low prices to buy second homes or retirement properties as long term investments.