Interest in Real Estate Investing Triples

A new survey from Move, Inc. shows that interest in real estate as an investment has more than tripled in the past year, with 17.2 percent of potential home buyers saying they plan to purchase a home as an investment in the near future, compared to just 5.6 percent in March 2009.

Of those planning to purchase a home in the near future, 50.7% are first-time buyers, and out of those, 55% are men.

While interest by potential home buyers in purchasing a foreclosure to live in themselves has dropped 31.1 percent in the past five months to 26.5 percent, this newest Move survey found interest in purchasing a foreclosure as an investment is on the rise. In fact, interest in purchasing a foreclosure as an investment to fix it up and resell it rose from 11.3 percent in October 2009 to 16 percent in March 2010, a 42% increase.

Despite the economy and the current housing market conditions, it seems that most Americans regard real estate investing and upgrading to new homes a dream delayed, but not lost. More than half (55.1%) say they're paying more attention to home values today as compared to a year ago.

Posted on April 13, 2010 15:36:23 by Blog Author