{"id":21582,"date":"2023-01-18T14:08:07","date_gmt":"2023-01-18T14:08:07","guid":{"rendered":"https:\/\/www.anthonydidonato.net\/wordpress\/?p=21582"},"modified":"2023-01-18T14:08:08","modified_gmt":"2023-01-18T14:08:08","slug":"investors-continue-buying-sprees","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/investors-continue-buying-sprees\/","title":{"rendered":"Investors Continue Buying Sprees"},"content":{"rendered":"\n

A growing number of investors seem less deterred by high prices, jumping on opportunities from\u00a0demand for rentals.<\/p>\n\n\n\n

Single-family purchases made by investors are surging as they see opportunities in the rapid growth of home prices and demand for rentals. The Golden State, shunned by investors for some years, is seeing a strong return.<\/p>\n\n\n\n

\u201cAfter a decade of moving away, investors are coming back to California,\u201d writes Thomas Malone, an economist at CoreLogic, in a recent analysis.(link is external)<\/a> Of the 11 metro areas with the highest investor shares for the third quarter, four were in California, four are in the South, and three are in the Mountain-West regions. \u201cThese are the markets where iBuyers have focused,\u201d Malone adds. \u201cCalifornia was prevalent in the top investor shares at the start of the 2010s when there were many foreclosures in the wake of the Great Recession. More recently, the South and the Mountain-West have had the highest investor rates. The California rise is likely due to large investors, who seem less deterred by the high prices found in the area.\u201d<\/p>\n\n\n\n

Large investors\u2014those who retain 100 or more properties\u2014have greatly increased their market share, CoreLogic reports. Of all investor purchases made in June 2021, a quarter were made by large investors, a 12% yearly percentage increase.<\/p>\n\n\n\n

Overall, the highest investor share of activity in the third quarter, according to CoreLogic are:<\/p>\n\n\n\n