Survey: Next Two Years Is Prime Time for Real Estate Investors
A survey of 200 real estate investors by Realtor.com showed strong optimism about the current market. Nearly two-thirds plan to purchase additional investment property over the next five years, with a full one-third planning to buy in the next two years. According to Steve Berkowitz, CEO of Move, Inc. (operators of Realtor.com), "This data suggests today's climate is hot for investing and is attracting a lot of new people that don't fit the stereotypical deal-driven flippers who buy and sell properties quickly." In fact, 59% of those surveyed identified themselves as new to property investment, and 63.5% had had experience with only one investment property transaction.