Duplex Investors Chip In A Quarter

said on April 29th, 2013 categorized under: Multi-Family Property Investing

minneapolis duplex investors dominate marketAccording to the 2013 National Association of Realtors (NAR) annual Investment and Home Buyers Survey, last year the share of investment property buyers actively purchasing real estate remained at its second highest level since 2005, nearly one quarter of the market at 24 percent.

High demand for rental property caused the average national sales price for investment properties to rise for the second straight year to $115,000.

A whopping 49 percent of these investors paid cash for their property. Of these investments, 24 percent were in foreclosure, with 23 percent more being short sales.

Almost half of these investors, (47 percent) said they will probably purchase another investment property in the next two years.

That’s because investors know low interest and vacancy rates coupled with affordable inventory have made it a great to time to invest in real estate.