According to an article on DSNews.com, investors are no longer buying as much of the real estate inventory–but instead, current homeowners are.
HousePulse attributes this change to the rising home prices and decrease in distressed inventory; home purchases from investors are now at 19.7 percent, down from 23.1 percent. First-time homebuyers had just a slight decrease from 36 percent to now 35.7 percent. Current homeowners, in contrast, make 44.6 percent of the housing market purchases (instead of the 43.8 percent in May).
Read more on this topic at DSNews.com here: Survey: Current Homeowners Increase Purchases, Investors Exit Market
Renee West
Broker Associate at Berkshire Hathaway HomeServices California Properties
I'm a real estate broker associate in Newport Beach & Corona del Mar, CA, with Berkshire Hathaway HomeServices California Properties.
Contact me at (714) 914 9060 or renee@bhhscdm.com for all you real estate wants and needs.
Contact me at (714) 914 9060 or renee@bhhscdm.com for all you real estate wants and needs.
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