PUYALLUP, Wash. – May 18, 2023 – San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the...Read
Investors Prefer Multifamily Purchases in Recovering Market
Investors are shifting their purchases to multifamily properties and away from single-family homes, according to a California Association Of Realtors (CAR) survey.
The 2015 CAR Investor Survey found 21% of investors purchased multifamily properties in the past year, up from 19% in 2014 and 14% in 2013.
Additional findings from CAR’s “2015 Investor Survey”:
- Investors held properties for an average of 6.1 years in 2015, down from 8 years in 2014 and 7.9 years in 2013.
- Investors owned fewer properties on average (6.4) in 2015, down from 8.3 in 2014 and 6.5 in 2013.
- 70% of investors believed their property would increase in value in one year, and 75% said the property would increase in value in five years.
- Investors expect their properties to appreciate an average of 27% during their ownership period.
- Investors intend to charge a median monthly rent of $1,850 and plan to increase that by $50 (2.7%) next year.