Investor Interest in Real Estate Triples in 12 Months
CAMPBELL, CA (April 12, 2010) According to a new Move, Inc., survey released today, interest in real estate as an investment has more than tripled in the past year. In fact, 17.2 percent of potential home buyers today say they plan to purchase a home in the near future as an investment compared to just 5.6 percent in March 2009.
The survey also found just over 10 percent (12.3%) of Americans planning to purchase investment property in the near future say they will pay for the property using 100 percent cash, and 12.8 percent will use cash for more than 50 percent of the purchase price and finance the rest. Almost half (49.2%) say they will buy the property with less than 50 percent cash down and finance the remainder. The U.S. Census Bureau reported that one in three U.S. homes are owned free and clear, without a mortgage.
Read the full article here: http://www.realtor.com/realestate-news/investorinterestinrealestatetriples.aspx
