96
The Big Finish
Wrap your head
around the market's
leading indicators.
REAL ESTATE INVESTORS
GETTING MORE BANG FOR
THEIR BUCK
A new analysis by Rick Sharga, EVP of RealtyTrac, has found that investor purchases accounted for 15.4% of all home purchases nationally in
Q2 2021, compared to 11.5% in Q2 2020—a year-over-year increase of 3.9 percentage points.
In addition to the noted annual increase in investor purchase activity, RealtyTrac's Fall 2021 Investor Purchase Report shows that investors
are typically paying less for homes than consumer homebuyers, and that investors continue to pay for most of their purchases with cash. While the
year-over-year percentage of investor purchases rose, the investor purchase share remained virtually the same as the previous quarter with investors
accounting for 15.4% of all purchases in Q2 2021, compared with 15.9% in Q1 2021.
"Historically, investors have always accounted for somewhere between 10% and 15% of residential home purchases, and our data shows that
this is still the case today, albeit at the high end of that range," said Sharga in his report. "But the data doesn't support the 'Wall Street is buying up
Main Street' theme that's been a popular theory for the past year or so."
TOP TEN STATES WITH
HIGHEST RE INVESTOR
PURCHASE SHARE
Q2 2021 % OF INVESTOR PURCHASES
NEW HAMPSHIRE 23.2%
DELAWARE 23.0%
GEORGIA 22.9%
ARIZONA 20.8%
MISSSISSIPPI 20.1%
FLORIDA 19.6%
NORTH CAROLINA 19.5%
OKLAHOMA 18.9%
ARKANSAS 18.9%
NEVADA 18.7%
TOP TEN STATES WITH
LOWEST RE INVESTOR
PURCHASE SHARE
Q2 2021 % OF INVESTOR PURCHASES
VERMONT 0.8%
ALASKA 1.9%
NEW MEXICO 7.7%
MONTANA 8.2%
IDAHO 8.4%
OREGON 8.5%
WEST VIRGINIA 8.7%
WYOMING 9.4%
WASHINGTON 10.2%
IOWA 11.2%
SOURCE: ATTOM DATA SOLUTIONS, REALTYTRAC ANALYSIS
