Residential Sales to Investors: Currently 20 Percent of Residential Market | Bedford Corners NY Real Estate
Investors accounted for 20 percent of total residential sales in April, down from 23 percent in February and 21 percent in March according to the Realtors® Confidence Index. Investors have reported that in many cases they can obtain a positive cash flow converting properties to rental units, or obtain a resale after making improvements.
Realtors® have been reporting that the market is able to absorb the large number of distressed properties coming onto the market. In some regions Realtors® report that the market would clear additional properties if available. Approximately 68 percent of investors pay cash.
Additional information on a variety of topics related to current residential market conditions may be found here.