Home prices and interest rates are low and the bargain hunters are out. Cash buyers are investing in real estate and buying second and third homes, with the most popular places being the west coast, Forida and Colorado. Canadian buyers will be among the most popular investors out there buying now. Hot second home areas include Las Vegas, Phoenix and Tampa… the sunbelt areas.
With the economy picking up and the jobs growth rate down to a 2 year low of 8.8, it seems the perfect time to pick up real estate. As of March large corporations are adding employees at the fastest pace since before the recession. The unemployment rate has fallen a full point in the last four months making it the biggest change since 1983.
Source:Rueters News March 31 2011 Associated Press April 1 2011
