Are Foreclosure Investors Pulling a Disappearing Act?

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago A new report from Realtor.com shows that investors who initially acquired foreclosed homes in bulk post-housing crisis, have now begun to cash out or slow the rate of their acquisitions.Examining the 50 largest metros in the U.S., Realtor.com investigated sales transaction data in order to better explain the national decline in investor activity.“The metros can be grouped by several trends that characterize where investment activity stands in the region,” adds the report. “Of the top 50 metros, approximately 70 percent of them have seen the share of company purchases peak in 2012-2014 and decline since. This is the most expected pattern and coincides with the gradual increase in prices and decline in inventory which reduced choice investment opportunities.”Despite this national trend of decline, Realtor.com reported that some metros deferred from the national trends, actually showing an uptick in investor activity.“After a post-recession rise, the company share of purchases in some metros such as Baltimore, New York, Rochester, Buffalo, Dallas, Houston, and Indianapolis either never decreased or continued to rise,” says the report. “However, it should be noted that the company share of purchases in Buffalo, Rochester, Indianapolis, Houston and Dallas is relatively small, only 5 to 6 percent in 2016.”Taking a look at the ratio of foreclosure sales in Baltimore, Realtor.com found that there was an increase from a post-recession low of 9.7 percent in 2012, to 18.1 percent in 2015. The report adds that this trend could be attractive to those investors looking for deals on properties they can lease out at market rents or hang on to in the hopes that price growth in the area will begin to reflect national trends.Further the report found that, in New York and New Jersey, the ratio of foreclosure sales to total sales has grown starting in 2013. New Jersey’s share increased from a post-recession low of 4.0 percent in 2013 to 11.0 percent in 2016, and New York’s share of all purchases grew from 3.7 percent in 2013 to 7.3 percent in 2016.To read the full report, click HERE. Are Foreclosure Investors Pulling a Disappearing Act? Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago 2016-12-16 Kendall Baer Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Demand Propels Home Prices Upward 2 days ago December 16, 2016 1,067 Views Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Kendall Baer Related Articles Home / Daily Dose / Are Foreclosure Investors Pulling a Disappearing Act? Sign up for DS News Daily  Print This Post Previous: Here’s What the CFPB Has in Store for 2017 Next: Reverse Occupancy Fraud Threatens Housing Market Subscribelast_img

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