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Investors Move In As Overall Market Inventory Increases
The Houston real estate investor market heated up in January. December's 83 listings were a low point for the wholesale market, but investors added another 52 deals, making a total of 135 deals in the first month of 2008.
In January, 40 listings sold, up from only 19 properties in December.
That according to an analysis of Houston Real Estate wholesale listing site MyHouseDeals.com.
In December, that left 64 up for sale and in January, that number grew to 95 homes.
In December, investors did a good job of keeping inventory low. We reported:
This situation is likely to be short-lived. Longer days on market and growing inventory generally leads to price-drops and investor deals.
That situation did reverse this month, and sales activity doubled.
The wholesale market serves as a reasonably steady indicator of market activity.
The wholesale market serves as a reasonably steady indicator of market activity.
 | | Wholesale Deals |
Data sponsored by www.MyHouseDeals.com (formerly HoustonInvestorNetwork), Your #1 source for bargain-priced investment properties in the Houston, Texas area. MyHouseDeals.com lists Houston Rehab deals, wholesale deals, fixer-uppers, and other real estate investments with up to $25,00-$50,000 equity per deal. Just go to MyHouseDeals.com now.
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