Recent Posts
Featured Posts

First-Time Homebuyers Feel the Squeeze from Investors


It should be a bit easier today for a first-time homebuyer to get into the market. Interest rates have stabilized and the economy is still strong.

But nooooo! The pool of smaller, cheaper starter homes is low. And more and more first-time buyers now have to compete with investors.

In fact, according to data from CoreLogic in 2018, investors accounted for 1 in 5 starter-priced home buyers; and it gets worse. The rate of investor purchases of starter homes has nearly doubled since 1999.

Tonya Jones, a Realtor in metro Atlanta, says it’s frustrating both for agents and for their first-time clients when they can't compete with investors.

First-time buyers typically put down 3% to 5%, Jones said. "Then they're walking in competing with an all-cash buyer who can close whenever that seller is ready," she said. "Typically, a first-time homebuyer can't work under those parameters."

It means that those dream homes, for some, will still remain a dream.

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Mr. Willig also ran a consulting practice and provided valuation, analysis, and transactional support services to multi-billion-dollar real estate companies. Previously, Mr. Willig served as the Senior Controller and Vice President of Financial Analysis and then the Chief Financial Officer of the Athena Group, a multifamily development company and fund manager.

Follow Us
Search By Tags
Archive
  • Facebook Basic Square
  • Twitter Basic Square
  • LinkedIn Social Icon

@ 2017 SpringView Investments, LLC    All Rights Reserved.    Brooklyn, NY 11210      Legal     Sitemap     Site by Serebrin Partners 

For more information:

917-209-4452