Investors are buying houses again

Posted by: on: March 25 2010 • Categorized in: Foreclosures,General Housing Market,Tampa Housing Market

I had my first investor/second home condo buying tour last weekend. It had a good response. Beachwalk condos represent a good value and cash flow position now. They originally sold for $200k to $286k, now they are $40k to $90K. The higher end of the price range has a bay view.
According to USA Today, investors are buying around the country now. And most are buying with cash.
Tampa home sales are up again for Feb 2010 over Feb 2009. The tax credits are helping to stabilize prices.

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