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Updated 11 months ago, 01/25/2024
According to WSJ article, Investors don't like today's prices
For Property Investors, the Price of Homes Is Still Not Right by Will Parker in the Wall Street Journal stated, "...Realtor.com said 2023 was on track for the largest annual drop in investor buying activity in at least 20 years...". The article went on to share results about how small investors plan on purchasing the same amount or fewer properties in the new year than they did last year.
With this article's national view point of the real estate market, but I am curious if that is the case in a local market like Milwaukee, WI or any other mid-west city. Are investors buying less or buying different? As an investor, I would think you would change your strategy when the market changes to adapt to the environment you find yourself in.
I thought it was a good article to read to get a better understanding of how the real estate looks from a different view point when investing in real estate. Let me know what you think of the article or your opinion of the current local real estate market.
Beleza
- Charles Clark