Interest in Owning a Home Remains Strong...by Evelyn Krazer on 04/23/10
Interest in purchasing a home as an investment has more than tripled in the last year, according to a survey released today by Move Inc., which operates Move.com and REALTOR.com. More than 17 percent of potential home buyers say they plan to purchase a home in the near future as an investment, compared to just 5.6 percent in March 2009, the survey found.
Here's the good news for sellers:
- 21 percent of consumers report they plan to purchase a home in the next 12 months to five years.
- 7.9 percent plan to purchase in the next two years.
- 49 percent of all home owners would buy another home today if they could sell the one they currently own for what they paid for it.
Source: Move Inc. (04/13/2010)