This year in real estate, we're seeing a buyer's market. There is an abundance of houses and buildings for sale. Most are under-valued compared to prior-year sales, because of the sluggish economy and the lending crunch.
Enter the investor. In spite of reports earlier this year that it would be a slow and chaotic year for the sale of investment properties, in the Charlotte area and many larger cities across the nation, this is proving not to be the case. Investors are finding the money and using creative financing to take advantage of conducive market conditions.
According to the article, "World's Best Places for Real Estate Buys" by Matt Woolsey in Forbes.com, many real estate investors that typically invest overseas are choosing to invest in the U.S. because its extended outlook appears stronger and safer than in many other countries. They are taking a long-range investment strategy, buoyed in confidence by the money President Obama is pumping into the economy and the current low priced real estate market. Even wise investors from other countries are coming here to purchase land and buildings, expecting to benefit in the long-term.
Charlotte has seen a boom in real estate investment in recent months. Assuming this continues, when the economy improves, these investors will be poised to reap the rewards of their foresight.