Great Deals on Homes

The housing market is really getting heated up as investors have returned to the market. Locally we’ve heard repeatedly that homes at the lowest prices in various areas have been sucked up. Part of these purchases are by buyers who could not afford to buy homes just years ago. Another segment is the investor who is looking for the long term price appreciation coupled with the income associated with the rental market.

Bargain Home Prices

The biggest bargain prices locally have been in Deltona and Palm Coast. Both still offer tremendous deals but there are fewer and fewer available at the lowest price points. Investors seem to chase these lowest price points as they offer an opportunity to purchase more homes and diversify across various areas. In addition, they are easy to rent at very aggressive prices while still offering sufficient revenue to cover mortgage and other expenses.

This article from Reuters offers some insight from experts on the effect on the real estate market nationwide.