Institutional investors entered the housing market at a rapid pace this past year, but their level of purchasing activity is relatively small compared to the overall market.
For instance, Blackstone Group is expected to be the largest institutional purchaser in 2013, committing to 15,000 properties.
However, when compared to the 600,000 individual investor purchases in 2012, it’s clear that institutional investors are still the underdogs in the market, according to CoreLogic’s market pulse report.
To come to this conclusion, CoreLogic created a list of 16 markets that include the top five markets for REO declines, the top 10 markets ranked by the total of REOs and the top REO markets identified as attractive by investors.
San Diego had the highest increase in 4Q12 REO prices of the cities that don’t have a rising share of institutional investors. Go Mom and Pop!
Read the full article here:
http://www.housingwire.com/news/2013/03/18/institutional-investors-remain-out-focus-reo-space
