MOST ACTIVE REAL ESTATE INVESTORS PLAN TO BUY AS MANY OR MORE PROPERTIES OVER NEXT 12 MONTHS
MEMPHIS, Tenn., Sept. 20, 2012 -- /PRNewswire/ -- Despite rising prices and shrinking foreclosure inventories, 65 percent of active real estate investors plan to buy as many or more residential properties in the next 12 months as they did in the past year, according to a new joint BiggerPockets.com/Memphis Invest national survey conducted by ORC International for BiggerPockets.com, the nation's largest and most active real estate investing social network, and Memphis Invest, one of the nation's leading providers of single-family rental real estate investment services. Founded in 1938, ORC International is a leading global market research firm and since 2007 has conducted the CNN|ORC International poll.
More than a Third of Investors Plan to Buy More
The survey found that 39 percent of active investors intend to increase their purchases over the next twelve months while 26 percent plan to buy as many in the year to come as they did in the past year. The 65 percent of investors who plan to buy the same amount or more in the next twelve months than they did in the past represents 4.5 million investors. Only 30 percent said they plan to buy fewer properties than they have in the past. Last year investors purchased 1.23 million homes, a 64.5 percent increase over 749,000 in 2010, according to the National Association of Realtors.
Some 3 percent of American adults, or 7 million people, consider themselves to be real estate investors. an additional 9 percent of all Americans own investment property today but have no current plans to buy more. Thus, one out of eight, or 28.1 million Americans, either consider themselves to be residential real estate investors or own residential investment properties today, according the survey.