Blanche Evans in a Realty Times article yesterday wrote a sunny piece entitled "Will Investors Buy Homes in 2007?" that would make Lereah proud. She said of difficulties faced by investors currently:
What’s missing for investors, at least temporarily, is the momentum of price appreciation, which allowed investor/speculators quick capital gains that they weren’t seeing in any other form of investment. That means that investors in the current market are moving from flipping homes to buying and holding. The strategy is to take advantage of high inventories to choose wisely, hold longer term and then cash in at the next seller’s market.
John said it best, I think when he told me that Evans "re-defines being hopelessly stuck holding the bag on a failed flip as a new "buy-and-hold" strategy."
Ms. Evans also stated:
Investors can adjust their strategies to the marketplace, as long as they have financial staying power.
