The Newest U.S. Homeowner Is a 'Landlord Buyer'

[Jamane Y.]

I read this article this morning and thought it is worth sharing with the BP community. 

http://www.investopedia.com/news/newest-us-homeown...

In 2016, 37% of home sales were to buyers who did not reside in those homes, which is a 21-year high, according to ATTOM Data Solutions. "Though prices in several markets are nearing pre-bust levels, the composition of both the supply and demand of today’s real estate market is starkly different than a decade ago," Alex Villacorta, VP at Clear Capital Analytics, says. "As such, it’s imperative for all market participants to understand the nuances of the New Normal Real Estate Market."

Read more: The Newest U.S. Homeowner Is a 'Landlord Buyer' | Investopedia http://www.investopedia.com/news/newest-us-homeowner-landlord-buyer/#ixzz4fY22Fe41
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