Real Estate Investors are Optimistic about Housing Market
Justin Pierce writes in the Washington Post (11/1, 552K) "Where We Live" blog, "Despite some shifts in the housing market that make it more difficult to earn money investing in residential real estate, a large majority of people in that field plan to buy as many or more properties in the next 12 months to rent out or sell for profit. That's one of the findings of a study released last month that attempted to measure the impact people involved in income or speculative real estate are having on the housing market." The survey, which was sponsored by BiggerPockets.com, found that 65% of investors intend to purchase more homes during the next year. Pierce says, however, that "from my experience in the Washington area, business conditions are changing with rising home prices, stiffening competition and shrinking margins."
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