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Real Estate Investor Insight Report - June 2012
June 13, 2012, by RE/MAX Insight
By RE/MAX of New England - Last updated: Wednesday, June 13, 2012
Investment Market Adapting to New Real Estate Market – Short Sales Provide New Opportunity for Investors
The investment market in New England has undergone a dramatic evolution over the last several years, and many significant changes have taken place during just the last 12 months.
The major movement right now among real estate investors is home flipping. Flippers, or rehab investors, recognize the market has hit bottom. As they renovate a home and sell it, they believe the market will remain flat or even tick up slightly during the course of the project. This is a big change from years past, when there was still a good chance value would depreciate over a three or six month project.
“We weren’t seeing flipping in the market in recent years,” said Dan Breault, Executive Vice President and Regional Director for RE/MAX of New England. “We’re experiencing it now because prices are beginning to inch up; it makes for a great market for investors to purchase distressed properties, rehab them and put them back on the market. Their investment is only going to go up.”
See comments from RE/MAX Insight’s Carrie Gardiner on the current New Hampshire investor market.
Click here to read the entire report.
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