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All-cash share of residential sales reaches new high
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Industry News, Market Data
Friday, May 9, 2014
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In March, Daren Blomquist, vice president of RealtyTrac, discussed the company’s new Institutional Investor report with The Title Report. He said, institutional investors —entities who purchase at least 10 residential properties in a calendar year —purchased 219,000 residential properties nationwide in 2011, representing 5.12 percent of all residential sales. In 2013, these buyers accounted for 5.6 percent of all U.S. residential sales in the first quarter according to the company’s 2014 U.S. Institutional Investor and Cash Sales Report.
Daren Blomquist talks about the impact of institutional investors
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