Saturday, November 8, 2014

Housing & Foreclosure Reports U.S. Institutional Investors & Cash Sales Report Q3 2014

  
Daren Blomquist

IRVINE, CA — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data,  released its Q3 2014 U.S. Institutional Investor & Cash Sales Report, which shows that sales to institutional investors — entities that purchase at least 10 properties in a calendar year — accounted for 4.3 percent of all sales of single family homes and condos in the third quarter, down from 5.0 percent in the previous quarter and down from 5.3 percent a year ago to the lowest level since the fourth quarter of 2010.

Meanwhile all-cash sales accounted for 33.9 percent of all sales of single family homes and condos nationwide in the third quarter, down from 36.9 percent in the second quarter and unchanged from a year ago.

“Cash sales continue to be an important piece of the real estate puzzle right now, representing one in every three home sales nationwide in the third quarter of 2014 and helping to drive up U.S. median home prices 38 percent over the last two and half years,” said Daren Blomquist, vice president at RealtyTrac.

“As institutional investors and other cash buyers slow down their purchasing in many markets across the country, more traditional buyers — including first-time homebuyers and move-up buyers — will need to increasingly fill in the missing puzzle pieces to maintain the momentum of the housing recovery.

For a complete copy of the company’s news release, please contact:

Jennifer von Pohlmann
949.502.8300949.502.8300, ext. 139

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