BAP Blog Victorville CA Real Estate - Consumer interest in investing doubles
Victorville CA Real Estate - Consumer interest in investing doubles
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November 23, 2009, by Tom Marti

Consumer interest in real estate investing doubles and why not with prices and interest as low as they are.

 

Victorville CA Real Estate, Consumer interest in investing doublesA recent survey found that 12.1 percent (one out of eight) of today’s home buyers plan to purchase a home as an investment property, compared with 5.6 percent in March 2009, according to the Move.com Homeownership Survey.  Of those interested in buying a home as an investment, 15.8 percent were men and 8.1 percent were women. 

The survey also found that buyers who plan to purchase foreclosures expect to profit both from deeply discounted purchase prices, as well as healthy appreciation rates over the next five years.  Most foreclosure buyers (58.2 percent) expect to pay 20 percent or less than market price for a foreclosure, while 38.5 percent expect a discount of 25 percent or greater.  While, 73 percent expect their properties to appreciate ten percent or more in five years, 28 percent expect their purchases to appreciate 20 percent or more during that same investment horizon. 

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