“Mom & Pops” Dominate Real Estate Investing
According to a recent special report form CoreLogic, home purchasing by investors has reached its highest level in nearly 20 years. Their report took a look at investors’ home buying activity across the nation. Among their findings was the fact that the increase in activity wasn’t from the big institutional buyers, but rather from smaller investors and “mom-n-pops” who are just getting into the game. They also suggest real estate investors are meeting the needs of the entry-level market.
“…investors appear to be focusing in the starter-home tier, giving first-time home buyers a run for their money while also chasing homes in markets with relatively high rents…”