An increasing share of distressed property buyers expect home prices and rent declines, while demand remains strong, with 60% of respondents expecting to increase property acquisitions this year, according to Auction.com’s 2024 Buyer Insights Report.
The report also revealed that about 91% of survey takers identify as local community developers or owner-occupants, with the nation’s Central region having the greatest number of local community developers.
The 2024 Buyer Report also shows how many Auction.com buyers:
- Purchased 10 or fewer properties in 2024
- Rank building generational wealth as a top motivator for investing
- Support the local community by creating jobs
- Plan to increase the number of property acquisitions they had last year
- Use renovate and re-sell as a primary investing strategy
- And much more
Download the comprehensive report now to learn more about Auction.com buyers, including strategies, demand, pricing, and outlook.