ReCasa Financial Blog
A recent article published by the National Mortgage Professional Magazine
describes a survey that was conducted in regards to 2013 real estate investing
. The following information was reported.
- Median investment home price was $130,000 in 2013, up 13% from $115,000 in 2012
- 38% of investment properties purchased last year were in the South, 25% in the West, 18% in the Northeast, and 19% in the Midwest
- Investment home buyers in 2013 had a median age of 42, earned $111,400 and bought a home a median distance of 20 miles from their primary residence
Some investment properties are used for rentals properties . It is reported that the best counties to buy rental properties in the U.S. are located where unemployment rate is below 4.5%. These top areas include Anderson County, S.C.; Columbia, S.C.; Pittsburgh, PA; Columbus, Ohio; and Charleston, S.C.
How do your investment trends compare to those reported from 2013?
The post A Look Back at Real Estate in 2013 first appeared on ReCasa Financial Group.
