Press release
Realtor.com® Investor Report: Top Markets Where Investors Are Impacting the Inventory Crunch
- Nationally, investors took more inventory off the market than they contributed in April; their purchases represented 5.7% of all home sales - Among the 50
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[{"type":"text","content":"- Nationally, investors took more inventory off the market than they contributed in April; their purchases represented 5.7% of all home sales\n - Among the 50 largest U.S. metros, investors made the biggest contributions to inventory levels in: Atlanta, Dallas, Baltimore, Los Angeles and San Francisco\n - In April, investors took away the most inventory in: Phoenix, Charlotte, Miami, Tampa and Chicago\n\n\nSANTA CLARA, Calif., July 29, 2021 /PRNewswire/ -- Despite the common perception that investors are always in competition with everyday buyers, new findings from the Realtor.com® Investor Report shows that isn't always the case. According to the data, investors are exacerbating the inventory shortage in 31 of the top 50 U.S. markets, but in roughly 19 markets – including Atlanta, Dallas, Baltimore, Los Angeles and San Francisco – they are actually helping to replenish the number of homes for sale.\nRealtor.com® analyzed U.S. deed records from January 2000-April 2021 to determine the number of investor sales versus purchases in the 50 largest U.S. markets. In this report, areas where investors are contributing inventory refers to places where investors are selling more homes than they are buying. Places where investors are taking away inventory are locales where investors are buying more homes than they sell. \n\"Today's buyers are facing a tough market and data shows they aren't just competing with each other. With deep pockets and more flexibility, investors can be daunting competition for the typical homebuyer. Right now, data shows investors are buying more homes than they are selling, and while they get a lot of attention in today's market, it's worth remembering that they can also contribute to inventory levels,\" said Realtor.com® Chief Economist Danielle Hale. \"Whether a market is appealing to investors depends on a variety of factors, including how local home prices compare to rents. When home prices are rising and rents are more stagnant, investors are more likely to sell off properties and contribute inventory. On the other hand, the higher rents are compared to home prices the more attractive the market is to investors looking to buy homes and convert them into rental properties.\" \nInvestors help buyers in big metros with limited homes for saleIn April, investors added to the number of homes on the market in 19 o...