Real Estate Investing Stats

According to the Move.com Survey:

12.1% homebuyers plan to purchase a home as an investment property
Foreclosure buyers account for 25% of consumers interested in purchasing a home
42% of foreclosure buyers regard their purchase as an investment
52.6% of those responding to the survey are ages 32 to 49
58.2% expect to pay 20% or less than market price for a foreclosure
38.5% expect a 25% or greater discount
73% expect their properties to appreciate 10% or more in 5-years
28% expect their purchases to appreciate 20% or more in 5-years

Investing in real estate at below market prices may be an excellent alternative in the use of money. The home can be rental or fixed up for re-sale. Remember, the first time and first move-up markets (or workforce housing) will continue to be the driving force behind the market recovery. In Charlotte, NC there are 5,946 homes on the market below $120,000. Check on the inventory in your marketplace - it is time to seriously consider real estate as a component of your investment strategy.