HOUSTON, Jan. 21 /PRNewswire/ -- MyHouseDeals.com surveyed residential real estate investors in the Houston area about the current investing climate and outlook for the real estate market in 2010. According to the survey, Houston investors have a positive overall outlook on the market. 77% of the 122 investors surveyed believe now is a good time to invest in Houston real estate, while 23% of them are neutral. Only 3% of investors surveyed believe now is not a good time to invest.
When asked about Houston home values, 36% of investors believe values have already hit a bottom and will be flat or up in 2010. 50% believe home values will hit a bottom sometime in 2010, and 13% believe home values will decline beyond 2010.
56% of investors surveyed indicated an overall optimistic outlook for the year, with 5% of investors rating themselves as highly optimistic. In comparison, 2% feel highly pessimistic, with an overall 20% indicating a negative view on the market. 25% of investors surveyed had a neutral outlook for 2010.
When asked about their feelings regarding the Houston market for the next five years, the percentage of investors who are optimistic jumped to 81% (56% rated themselves optimistic while 25% indicated they feel highly optimistic). 14% of investors feel neutral and only 5% feel pessimistic.
Investors were also asked if the housing crisis was good or bad for the Houston housing market in the long run. 38% of investors believe the crisis will have an overall positive long-term effect in the housing market, while 28% think the housing crisis was bad for the future of Houston real estate. 34% of the surveyed investors were neutral on the subject.
Of those surveyed, 74% were experienced investors who have owned or wholesaled at least two investment properties. The majority of respondents, 66%, invest part time.
For full survey report, visit http://www.myhousedeals.com/reports/2010/01/2010-Houston-Investing-Survey.pdf
The data for this report was collected by MyHouseDeals.com during the first week of January, 2010. For more information about this survey, please contact MyHouseDeals.com.
MyHouseDeals.com provides a listing of discounted investment property in 15 of the nation's largest metro areas. Residential real estate investors use the site to purchase properties at up to 50% off fair market value. Since its inception in 2005, it has provided information on 42,700 bargain-priced properties containing $2.7 Billion in total equity. To gain free access to the listings, just go to MyHouseDeals.com, click into your city, and create a free account.
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