Investors generally expect to buy fewer properties over the next 12 months, but half say they'll keep the rentals they own at least five years.
Investor purchasing intentions have changed significantly since August, when only 30 percent said they planned to buy fewer properties in the next 12 months than they did in the previous year. In the latest survey, the percentage of investors who said they plan to cut back on purchases in the coming year rose to 48 percent. Only 20 percent said they plan to increase purchases compared to 39 percent 10 months ago.
About half of investors said real estate investing is harder today than when large numbers of foreclosures started five years ago. The entry of institutional investors into residential real estate is often cited as a source of competition for properties and a reason foreclosure inventories are shrinking, but only 13 percent of investors in the survey said the large competitors have impacted their businesses; 54 percent said they experienced no impact at all.
Source: Florida Realtors 2013
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