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Investors: More Sales and Higher Prices

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 and the trend toward higher prices.

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.

Investors: More Sales and Higher Prices | Simplifying The Market

Investor Home Sales

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%.

Investor Home Prices

Investors: More Sales and Higher Prices | Simplifying The Market

Thursday, April 28th, 2016 For Buyers, Housing Market Updates, Pricing