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Cash Sales Decline: Now ‘only’ 1 in 3 Homes; Metro Price Increases Moderate

Institutional
investor participation in the single family residential market fell another
notch
in the third quarter of 2014.  RealtyTrac
said today that only 4.3 percent of residential sales in the most recently
completed quarter went to those investors, defined as those who purchase 10 or
more properties in a calendar year.  This
group was responsible for purchases of 5.0 percent of single family homes and
condos in the second quarter and 5.3 percent in the third quarter of 2013.  The recent results were the smallest since
the fourth quarter of 2010.

The number
of transactions that were all cash also declined, from 36.9 percent in the
second quarter to 33.9 percent in the third.
The all-cash percentage was unchanged from the third quarter of 2013.

 

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