NAR: Investor Residential Sales Currently 20 Percent of Market

by 11 Jun 2012
  • Investors accounted for 20 percent of total residential sales in April, down from 23 percent in February and 21 percent in March according to the Realtors® Confidence Index.  Investors have reported that in many cases they can obtain a positive cash flow converting properties to rental units, or obtain a resale after making improvements.
 
  • Realtors® have been reporting that the market is able to absorb the large number of distressed properties coming onto the market.  In some regions Realtors® report that the market would clear additional properties if available.  Approximately 68 percent of investors pay cash.
 
  • Additional information on a variety of topics related to current residential market conditions may be found here.

COMMENTS

Poll

Is TILA-RESPA a good or bad thing long term?