Prices for investment
properties purchased without leverage increased at a greater rate than
traditional housing, according to June data released by HomeUnion. All-cash
prices jumped 5.4 percent year-over-year to a median price of $160,000, while
the owner-occupied median sales price grew 3.3 percent to $253,600.
"As global economic upheaval weighed on investors decisions, single-family rental (SFR) investment homes remained a safe haven for many investors," explains Steve Hovland, director of research for HomeUnion. "Prior to the recent Brexit vote and ongoing uncertainty in the global equity markets, investors parked capital in real estate for its stable returns, which has resulted in higher investment home prices."
"Owner-occupied home prices are hovering near all-time highs, which is keeping many potential buyers on the sidelines and slowing price growth," adds Hovland. Sales price increased at a healthy clip, indicating ongoing stability in the housing market, partially fueled by historically low interest rates. The overall median sales price - including both owner-occupied and investment housing - increased 3.9 percent year over year to $234,500 in June.
For more information, visit www.homeunion.com.
"As global economic upheaval weighed on investors decisions, single-family rental (SFR) investment homes remained a safe haven for many investors," explains Steve Hovland, director of research for HomeUnion. "Prior to the recent Brexit vote and ongoing uncertainty in the global equity markets, investors parked capital in real estate for its stable returns, which has resulted in higher investment home prices."
"Owner-occupied home prices are hovering near all-time highs, which is keeping many potential buyers on the sidelines and slowing price growth," adds Hovland. Sales price increased at a healthy clip, indicating ongoing stability in the housing market, partially fueled by historically low interest rates. The overall median sales price - including both owner-occupied and investment housing - increased 3.9 percent year over year to $234,500 in June.
For more information, visit www.homeunion.com.
View today's additional Blog at www.CashBuyersLists.com
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