29 Apr
Homebuyers Interested in Real Estate Investments
Posted April 29th, 2010 | View Comments
Move Inc. recently conducted a survey about real estate investments and attitudes of home buyers and here are a few of the highlights. Some of these are quite interesting to note. For one, interest in real estate investments has more than tripled in the past year. The survey said that in fact 17.2% of potential home buyers today said that they planned on purchasing a home in the near future as an investment compared to just 5.6% in March 2009.
The Move Homeownership survey also found that approximately half – 49% – of all homeowners they surveyed would buy another home today if they could sell their current home for what they paid for it or more. Some of the most important reasons influencing decisions to sell their current homes have to do with day-to-day budgeting. Many homeowners would like to reduce monthly expenses because of financially hard times, growing families or a better school district for their children. A few other reasons for selling have been moving closer to conveniences and purchasing a nicer or larger home. In many cases, loan modifications have not been available, although this is purely anecdotal evidence.
As far as perceptions go, real estate remains high on people’s radar with 55% of responders saying that they pay attention to their home’s values today as compared to a year ago. Just 10% said they paid less attention.
For the entire article published in Realtor.com go here.
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