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. Today, 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.
I personally have picked up to properties in the past 12 months we are keeping as rentals. They are cash flowing and have increased in value. They are proving to be good purchases and we are looking to buy more.
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%.
LET ME HELP YOU!
Investment real estate and finding deals is my area of expertise. If you are looking to buy an investment property in Tucson, Arizona give me a call today!
