California Real Estate Investor Survey Results Released
(PRLog.Org) – San Francisco (6-13-2007) – The Trada Group, a national apartment development and management company, just released the results of a Real Estate Investor Survey conducted among prospective and current California real estate investors during March 2007. Overall the survey shows that real estate investors remain optimistic about the real estate market, with 82.1% planning to purchase investment property within a year. The results show that nearly one-third (32%) of investors are looking to purchase multifamily property in the future, a 68.4% increase over the 19% that currently own multifamily property. Only 22.2% say they are looking for single-family property to purchase in the future, a 51.5% decrease in interest in single-family homes from the 45.8% of investors who currently own single-family investment property. The majority of California real estate investors (54.5%) are looking to purchase property in 24 states outside of California, a 29.4% increase over the 42.1% who currently own property outside of California. On the other hand, only 45.5% are looking for property in California, a 27.2% decrease compared to the 57.9% who currently own property in California. Read More
