Real Estate Investors Plan to Purchase More Homes in U.S.
Almost two-thirds of U.S. residential real estate investors plan to buy as many as or more homes in the next 12 months than they have in the past year even as prices rise, according to a survey released today.
About 39 percent of active property investors intend to step up their purchases, while 26 percent expect to buy the same number in the coming year, according to a survey conducted by ORC International, a Princeton, New Jersey-based research firm. About 30 percent of investors plan to reduce their purchases, the study showed.
“Though housing markets are changing across the nation, investors are still seeing great opportunities,” Josh Dorkin, chief executive officer of BiggerPockets.com, a Denver-based real estate social-networking company that commissioned the survey, said in a statement. “They will certainly continue to be major players in the nation’s housing economy for the foreseeable future.”