Has anyone bought investment properties in 2025? I’ve been looking and just nothing catching my eye, or I’ve moved too slowly. Recently Lennar Builders was pitching townhome units to investors with 4.99% 7 year ARM with 25% down. Feel like this is a barometer on the housing market and they are opening up to investors as they are not getting the demand from primary homebuyers.
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This is not a market I follow, but I will say that around here (Knoxville) they are building as fast as they can as many as they can, and they are mostly sold before they even finish the spec house. I’ve seen two multi-building apartment developments go up in the past 6 months and they are full (at least judging by the parking lots as I go by) and there are at least a half dozen home development ranging from 4 units to 30 in progress nearby, and they are ringing sales. That 4 pack of identical homes is near us, and we were sure they would sit, but over $800,000 each with practically no yard and inconvenient (and shared) driveways, and they were gone before they were painted. In fact the last one still has the wallboard guys truck in the driveway occasionally as they finish the garage.
Whew!