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
If you have any questions about the real estate market, or are interested in listing or buying, please don't hesitate to contact me at (714) 914-9060 or Renee@bhhscdm.com!