Industry News

Real estate buyers still confident, says survey

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Home buyers are confident that housing is a solid investment, according to an informal Inman News survey. About 74 percent of respondents said home buyers are confident, while 4 percent said they are not confident and 22 percent said buyers are uncertain whether housing is a good investment. One respondent, a real estate broker, said experienced buyers are taking a cautious approach to the housing market. "Many of my more seasoned buyers and investors believe the Southern California residential and apartment markets are overpriced; 30-40 percent corrections are expected by many," the broker said. Another survey participant said some home buyers are putting their down payment in CDs or mutual funds and waiting out the housing boom for several months. "They feel the 6 percent return on that $50,000 is better than overpaying for something they're not in love with," the participant said. And another respondent said, "When any investment area goes up very fast, it gives buyers false ho...