Southern California Home Sales - "For the better part of this year, investors have been slowly trickling out of the home buying market, but in August they apparently cut off the cash flow in a big way."
Southern California Home Sales:
Yesterday we reported here that Southern California Real Estate Values were still growing, but are now growing at a much slower rate than we've seen recently. This is actually good news as it makes for a more stable, less volatile market.
Several factors have contributed to this slowdown of rising prices, but the most obvious of those is probably the fact that investor buyers have begun to stand aside somewhat. Here in the San Gabriel Valley, for instance, the market has been driven recently by investors ... particularly international buyers from China ... looking for overseas real estate investments and finding a spot they like here in Southern California.
Investor activity nationwide has slowed dramatically over the last month or so. However, the pullback by these buyers is not limited to individual international investors, but involves corporate buyers as well.
Here's an informative article by Diana Olick, from CNBC :
Southern California Home Sales:
Investor Activity Slows
Slower Market Activity As Investors Stand Aside
Yesterday we reported here that Southern California Real Estate Values were still growing, but are now growing at a much slower rate than we've seen recently. This is actually good news as it makes for a more stable, less volatile market.Several factors have contributed to this slowdown of rising prices, but the most obvious of those is probably the fact that investor buyers have begun to stand aside somewhat. Here in the San Gabriel Valley, for instance, the market has been driven recently by investors ... particularly international buyers from China ... looking for overseas real estate investments and finding a spot they like here in Southern California.
Investor activity nationwide has slowed dramatically over the last month or so. However, the pullback by these buyers is not limited to individual international investors, but involves corporate buyers as well.
Here's an informative article by Diana Olick, from CNBC :
Investors Leaving Housing High And Dry | CNBC
CNBC.com"Just 12 percent of August purchases were by individual investors, down from 16 percent in August (of last year); investors had been making up nearly one-third of home purchases during the worst of the housing crash nationally, and in some markets they accounted for well more than half.". ...Read More Here: http://www.cnbc.com/id/102021503
