Yes! You Should you buy now - Investors are buying
By Ron Wysocarski, CEO, Pricing Specialist
(Wyse Home Team Realty)
Markets have stabilized slowly over the last few months. While there have been many first time home buyers taking advantage of the $8000 tax credit, there are a significant number of investors buying up property. As these homes are bought, renovated, and rented, the values of these homes are likely to increase due to the work and money invested in them. This will add to the taxable, which in turn should increase The amount of money collected by state, federal and local governments in property taxes. While this is not a complete answer, it is one area that can help offset the massive government spending currently taking place. When real estate investors enter the market, it is usually a sign that prices may have reached the bottom. Most investors will not purchase a home where the rents ...