The Difference of a Decade: Rising Purchases amid swings in market share
The Path Forward
While we found that the national investor share has fallen from 2018, we can't
definitively link this to any single market condition. The share decline can't be
attributed solely to the coronavirus pandemic, as rates were also down in 2019.
In 2020 cities with the most investor activity - like Boise, Phoenix and Kansas City,
Missouri were high-growth markets with relatively low prices that have moved
investors' attention away from California.
Although investors seem to have lost some of their market share to owner-occupant
buyers, it's hard to say how long this trend will continue, or what long-term
implications it will have on the larger market. At this juncture, the first year into the new
decade and the first-year since the start of the pandemic, what we may see as the
housing market cools down - with more for-sale inventory and slower home-price
growth in 2022 - is an increase in the investor share.³
3 According to the June 2021 CoreLogic HPITM Forecast, prices are expected to increase 3.2% nationally from June 2021 to June 2022, a huge slow down from 17.2%
from June 2020 to June 2021.
This report defines an investor as an entity (individual or corporate) who retained three or more properties simultaneously within the past 10 years. This report uses
CoreLogic Public Records data and enhances the definition of an investor purchase that was introduced in a 2019 CoreLogic report. The previous report identified an
investor purchase by looking for a corporate or non-individual identifier on the deed. Examples include LLCS, CORPS, and INCs, to name a few. This report includes
those purchases but in addition, can identify more investor purchases by seeing how many properties a person with the same name and address retains at any one
time.
CoreLogic
CoreLogic
2011-2020 Investor Homebuying Report
All Rights Reserved. CoreLogic Inc. 2021
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