Its been a couple of years since we have seen an influx of investors buying up properties all over the city....but we are welcoming them back with open arms.
Investors are more confident that the housing market has hit bottom and they are willing to take risks they weren't two years ago.
One big difference in the mindset of today's investors is that they are not looking for the quick Flip, rather, they are in it for the long haul. Buy cheap, hold on for a number of years and then reap the benefits of appreciation.
Rising rental rates are also motivating investors as it is becoming easier for them to cover their monthly expenses with higher rents.
Low interest rates also play a role in helping investors buy with cheap money.
Every few days I have been reporting to you that another segment of our market is flourishing again. Each one returned at its own pace and for its own reasons but most importantly, all segments have come back strong.
Business is booming again, it feels great.....is it time for you to buy?
Mar 23, 2011
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