The California Association of Realtors just released a survey of the types of purchases investors have been making. Here are some of the interesting point:
Investors have played a key role in the California housing market recovery for the past four years.
Two-thirds (66 percent) of investors who worked with a REALTOR® indicated they are going to keep the property for more than a year, while about one-fourth (26 percent) of investors intend to flip the property within a year.
Additionally, three-fourths of investors are of the small mom-and-pop type, owning 1-10 other investment properties, with 15 percent owning just one property, 46 percent owning 2-5 properties, and 14 percent owning 6-10 properties.
Of the properties purchased by investors, single-family homes were the preferred property type, with 78 percent of transactions involving single-family homes. Multifamily properties comprised 14 percent, 7 percent were other property types, and bulk sales made up only 1 percent.
More info on this C.A.R.'s 2013 Investor Survey Results.
Thanks for reading,
Francis
Silicon Valley real estate specialist
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