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Investors and Vacationers Rev Up Numbers for 2011


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Real Estate Market Trends

 

As per the latest numbers released by the National Association of Realtors (NAR), investment property and vacation homes topped the charts in 2011. Put together, they accounted for a slice of the market that has been the highest it’s been since 2005. While vacation homes moved up to a modest 11% from 10% in 2010, sale of investment properties jumped to an impressive 27%, up from 17% in 2010.


The data proves what we have suspected all along – wily investors and well-to-do families have been taking advantage of falling property values and rock bottom mortgage rates to pick up bargain deals. Spiking rental income has been an added lure, tempting investors to put money into rental homes rather than let it sit in the bank. Real estate market experts also believe they have been chiefly responsible for soaking up the surplus in foreclosed and REO properties hitting the market of late.



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