San Diego, CA (PRWEB) August 25, 2012
REMI issued some observations about the reports of real estate investors buying properties in San Diego in increased numbers today, and their opinion is that this will help home sellers wanting to sell properties online or those wanting to sell San Diego vacation rentals.
U-T San Diego reports that the month of June 2012 saw the highest number of properties in San Diego County being sold to investors since the height of real estate investing in 2005. These investors are also known as absentee buyers; people who register a different address for their property tax buy at the time of a sale. While investors in 2005 where buying up large quantities of properties in order to “flip” them quickly, the 2012 investors are considered by experts at the University of San Diego to be more informed and are willing to take smaller profit margins. Many of these investors are not single individuals; rather, they are groups of individuals. Because these new investors are different than those partially responsible for the 2007 housing crisis, they are not seen as much of a threat
San Diego County is the southwesternmost county in the mainland United States, bordering Mexico and featuring 70 miles of coastline, including many beaches and what is considered a Mediterranean climate. The large number of people in the area makes it part of the San Diego-Tijuana metropolis. Outside of the city of San Diego itself, the largest cities in the county are Chula Vista, Oceanside, and Escondido.
The University of San Diego is often confused with the larger schools in the area such as the University of California-San Diego and San Diego State, but it is not a state school. Rather, it is a religious school, run by the Roman Catholic Church. The University is relatively small, with a total student population of roughly 8,000 students, including both undergraduate and graduate students. There are six different schools offering degrees and the school is considered by U.S. News and World Report as one of the top 100 schools in the United States.
The 2007 housing crisis, also known as the subprime crisis began when there began to be a significant rise in the number of delinquencies and foreclosures in regards to mortgages. Many of the mortgages affected were adjustable rate mortgages, which meant that as housing prices fell, interest rates kept rising, causing many people to be unable to sell their homes for a profit or be able to make their payments.
Real Estate Marketing Insider today commented on a the news real estate investment is increasing in the San Diego area with more informed investors and investors willing to take a smaller profit.
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Real Estate Marketing Insider is a go to place for real estate professionals needing tips, analysis and strategies. REMI is based out of La Jolla, California.