More First-Time Property Investors in the Market

Click for Full Story

By MarketWatch
With rents on the rise, property prices at or near lows and favorable financing terms, more Americans are thinking it’s time to buy a rental property. Fifty-one percent of real estate professionals surveyed by ERA Real Estate said they’re seeing an increase in first-time investor activity in their markets, according to results released on Thursday.
All signs point to a strong rental market for the foreseeable future, said Charlie Young, president and CEO of ERA Real Estate, a residential real estate brokerage franchisor, and a subsidiary of Realogy Corp. “You’ve got a segment of the population affected by foreclosure and credit situations, you’ve got unemployment at a rate that is high, which is causing consumer confidence issues, you have other people who are being extremely cautious, and that puts them in the renter pool,” Young said. A couple of the top challenges that a first-time investor faces, according to the ERA survey: Obtaining financing and creating a long-term business plan for the property. Some people simply have trouble pulling the trigger on the purchase, according to the report. Read more real estate news in this week’s pages, including a Realty Q&A about why everyone’s an expert when it comes to real estate and a Home Economics column about why people who work from home commit less misconduct on the job. Plus, find out why mortgage rates hit record lows this week.

Advertisements

About Pamela's Blog

Pamela Diaz-de-Leon With an accomplished background encompassing Diplomacy, Architecture, Business and Film, Pamela Diaz-de-Leon brings to the real estate industry the entrepreneurial expertise which stem from her interdisciplinary experience. Her world wide network of distinguished personalities carefully knitted of relationships formed in her five years as the Cultural Attaché for the Instituto Cervantes, serving the King of Spain, in Chicago, and her Hollywood connections acquired while working with a recognized film distributor, give her the global platform in which she has developed her business with great success. Knowledgeable, informed and organized she holds ethics and integrity as her highest values thus, providing her customers with an excellence of service that ensures their utmost satisfaction and their continued loyalty to her work. Office. 305.677.5055 Cell. 305.720.8439
This entry was posted in Green Housing, Miami Beach Condos, Miami Real Estate, Miami Waterfront Properties, Real Estate, South Beach Condos, South Beach Real Estate and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s