Surveys Highlight Changing Role for Investors in the Housing Market
Conor Dougherty | Wall Street Journal | July 3, 2013 | link
Are real-estate investors starting to run out of gas? Single-family home investors, whose mostly cash purchases played a central role in healing the U.S. housing market, have started to slow down their buying, according to several surveys.
Investors accounted for 20.2% of home purchases in May—still high by historical standards, but down from a peak of 23.1% reached in February, according to the Campbell/Inside Mortgage Finance survey of real estate conditions. A separate survey conducted for MemphisInvest.com and Premier Property Management Group found that investors planned to slow their home purchases in the next year.