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Updated over 9 years ago,
Boost in residential real estate investment
According to a survey, it is seen that there is renewed interest in residential investment properties, thanks to upbeat real estate market in 2015. The factors which have caused the increase in residential market areas are:
- 1.Increase in home prices and decrease in foreclosures: Due to easy financing options it has seen that there is an increase in demand of real estate property, due to this there is an increase in home price and decrease in foreclosures.
- 2.Increase in price points: With a rising focus on higher price points, 63% more investors considered $200k+ properties than last year. Higher price residential investment properties are set to grow.
- 3.Use of broadening property searches by investors: 34%, investors are searching properties outside their home states and they are using broadened property searches for searching properties. This has led an increase in residential real estate investment.
- 4.The Change in real estate trends: According to real estate trends in 2015. Foreign investment will increase in the USA and cities like Atlanta. Due to change in trends, it is seen that there is increase in residential real estate investment.