Sales Are Up In College Towns Due To Investors and Parents of Students

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Tobias Nergarden of REMI comments on the reports of increased sales in college and university towns because of investors taking advantage of student needs.

Tobias Nergarden issued his statement about the reports of investors and parents of college students buying property at an increased rate today, and his opinion is that this will help home sellers in college towns, or anyone looking to find new real estate marketing tools because this may help sellers to sell your home fast or market these properties specifically to investors or parents.

U.S. News and World Report has published an article indicating that sales of real estate are soaring in areas near or around college campuses. Information given to Realtor.com has indicated that many parents of college students are upset by high rents, particularly in areas around urban campuses like in Boston and Pittsburgh and are therefore opting to buy a condo, townhouse, or other property for their student to live in. Others are taking advantage of these high rental prices to invest in these properties as the rental market for students is fairly stable and ongoing.

Realtor.com is a website created by and run by the National Association of Realtors. It is designed primarily as a resource for realtors and those involved in the real estate industry as well as potential buyers to find out and share information on available properties. The MLS number system makes this website a primary tool for realtors to find properties for their different clients.

The Greater Boston area is home to more than 100 different colleges and universities of varying sizes. Among these are notable institutions of higher education like Harvard University, the Massachusetts Institute of Technology, and Boston College. Many of these schools are located within the city of Boston itself. Because of the spread out nature of this urban area, many people commute to work or to school.

Pittsburgh, while for many Americans is synonymous with the steel industry and manufacturing, is also home to many colleges and universities. Among these schools are Carnegie Mellon University, Duquesne University, and the University of Pittsburgh. Carnegie Mellon and the University of Pittsburgh are located next to each other, which means that the Oakland neighborhood of the city is home to many students and others who work at or are otherwise associated with higher education.

Real Estate Marketing Insider today commented on a report that one of the biggest areas of real estate growth is in college towns and near urban universities due to parents finding buying a better alternative to renting and investors who want rental properties that will nearly always have student renters.

About Real Estate Marketing Insider:
Real Estate Marketing Insider was created to provide analysis, tips, and marketing strategies for those working in the real estate industry. REMI is headquartered in La Jolla, California.

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