I have been reading, and I am sure you have run across this recently as well, the US economy is improving rapidly. The effect of this improvement is a mindset that is more favorable to big investments. That mindset causes people to make investments in things like homes and investment properties. I know this to be true because I, as a Realtor, have seen a huge increase in investment properties over the last 6 months. If I want to write an offer on a home or even a condo for an investor, depending on the price range, we had better get it in in the first few hours and it better be a full price offer or better or we miss out! Yes, folks the bidding wars are back. Interest rates are at incredibly low levels and prices have been down for some time now, it was just a matter of time for mindsets to change and pent up demand to spill over into the housing market. What is causing this? The increased confidence in the overall US economy. It ebbs and flows. Today it flows!
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