Just saw a video, in which Warren Buffett strongly believes that our economy will be headed on the upswing. On the other hand, it’s commonplace to listen to various pundits who have negative future outlooks about the financial markets, including real estate. Regardless of the source, I’ve learned not to dwell in any one place for too long of a time.
But practically speaking, though some people are pinching pennies to sustain through these economic times, I’m still seeing pockets of people who are buying homes confidently in the Colorado Springs Real Estate market. Optimism exists because homeownership is still part of the American Dream and because consumer confidence remains about this long-term investment.
Again from The Residential Specialist and taken from the 2010 NAR Investment and Vacation Home Buyer Survey, there are some interesting statistics about the profile of investment property buyers to glean for your business planning.
- Median Age: 45
- Median Income: $87,200
- Median Distance from primary residence: 24 miles
- Median Sales Price in 2009: $105,000
Feel free to contact our Colorado Springs Realtors at Selley Group Real Estate, LLC: 2139 Chuckwagon Rd, Ste 210 – Colorado Springs, Colorado 80919 – 719. 598. 5101
Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.
