With the rush of foreclosed homes on the market in the past few years, investors were jumping into the business from every direction. Here in Memphis, the investment real estate market was booming due to the rush of foreclosures and most were caused by a slowing economy and not necessarily an over-heated housing market. That created a scenario where not only were houses available, but renters were in abundance as well.
As the real estate market is now recovering, easy buys on bank-owned homes are becoming more scarce. Some investors are opting out of real estate because properties aren’t as easy to acquire. As serious investors knows, the real estate market will continue to change constantly over time.