When Do Real Estate Investors Buy Homes In San Diego?

I just don’t know what is going on with the news.  One day the housing market is up, one day it’s down, the next minute it is going sideways.  Is that in Los Angeles, New York, or Hong Kong?  Who knows?  I guess the real estate market is the same in San Diego as Monowi, Nebraska which has population 1.  And are these stats pre-bubble?  From the top to the bottom?  Year over year, month over month, week over week?  Who knows.

Could it be more confusing?

It’s like our newspapers have a case of the multiple personality disorder.

Get it together! 

Well one stat I read that saddens me is that the next two years are considered prime time for real estate investors and real estate investors will be purchasing three times more property than anyone else.

Move Inc. affiliated with Realtor.com did a nationwide survey and according to them real estate investors will be THREE times more active than any other homebuyer in the real estate markets.

A survey was conducted by phone of U.S. adults.  One third identified as real estate investors are planning to buy in the next 24 months, compared to 8.6% first time homebuyers.

And here we are again.  Real estate at a record low, prices at a record low, mortgage rates at a record low.  What do they always say, “Buy LOW, sell HIGH!?”  But wait, there is no $1,000.00 tax incentive so the first time homebuyer won’t buy now.

But the investor shark will come in and sink his teeth into any and all deals and steals while the first time homebuyer looks away and waits. 

It is a classic story once again of rich getting richer, only in this case, there is a choice.  The choice is yours.  Will you buy when it is low, or wait until the market turns around and buy high?