Right now I would have to give you an educated guess as our MLS doesn't support that data showing whether or not the purchase was by an investor. From what I see, about 15% is investor driven in my market area closer to Oshkosh... more
With interest rates at historical lows it is a great time to buy. A lot of times it is cheaper to buy than rent. The most importnant thing to remember is to buy a home in an area where you plan to live and work for the next few years. Buying a home is a protection of rents going up and dealing with a land lord. Do not buy a home because you think the value will increase. Homes do appreciate most of the time but recent years have taught us that this does not happen all the time.
Make sure to get yourself pre-approved for a mortgage before you go out house hunting. This will allow you to know how much home you can afford.... more