Higher home prices cool investor activityJune 6, 2013 @ 9:24 am
The recent rise in home prices has more investors concerned that it will be increasingly difficult to turn a profit from their rental investments.
Nearly half of U.S. real estate investors say they expect to purchase fewer rental homes in the next year, according to a recent survey conducted by polling firm ORC International.
Just 10 months ago, the percentage of investors who said they intend to buy fewer homes stood at 30 percent-compared to 48 percent today. Only about 20 percent of the investors surveyed say they plan to buy more homes in the next year-a drop from the 39 percent who reported they intend to buy more homes last August.
More than half of the investors surveyed who own rental properties say they plan to hold them for at least five years or more, and 33 percent plan to hold them for 10 years or more.
Making It Matter
Cancer-fighting 14-year-old lives each day like it's the last with an army at his back
Plenty To Say
Seahawk Richard Sherman had plenty to say Tuesday about the NFL and its 'hypocrisy'
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.