In June, investors accounted for 26% of all single-family home buying in the US.

[Michael Calvey]

Did you know that in June, investors made up a significant 26% of all single-family home buyers in the US, according to CoreLogic?

I'm curious as to how are agents finding and attracting these investor leads to your database? Especially agents in the Western, Southern and lower Midwestern states where investor purchases are the strongest. California (34%), Washington, D.C. (33%), Georgia (32%), New Mexico (31%), Texas (31%), Nevada (30%), Utah (29%), Arizona (29%) and Kansas (29%) are the states that saw the highest percentage of sales going to investors. 

[Jack Seiden]

Quote from @Michael Calvey:

Did you know that in June, investors made up a significant 26% of all single-family home buyers in the US, according to CoreLogic?

I'm curious as to how are agents finding and attracting these investor leads to your database? Especially agents in the Western, Southern and lower Midwestern states where investor purchases are the strongest. California (34%), Washington, D.C. (33%), Georgia (32%), New Mexico (31%), Texas (31%), Nevada (30%), Utah (29%), Arizona (29%) and Kansas (29%) are the states that saw the highest percentage of sales going to investors. 

I actually get a good number of leads, just posting here, now I will caution at least in my market d.c. metro a lot of the strategies you see here on bp, flipping,brrring,living rent free, even house hacking by buying a multi, simply do not work with current rates if they ever did, once i explain to buyers that buying in our region can be a good return if you are planning to owner occupy for 5+ years (I literally told a client just last week if he only had a 2-3 year time horizon he was better renting or buying a 1bd condo) often the lead's vanish, which is totally understable given the environment, was talking with another agent who get's leads through bp the other day and he was saying the same thing, so to some extent getting the leads isn't the issue, it's if the market is conducive to the easy money investing everyone got used to in 2020-2022 right now. 

As an aside I think that d.c. number is likely a small sample size issue, we had 87 single family home sales in the entire city last month and that's out of 616 total sales (which is down about a 3rd from the 2022 peak) while I actually think there are some amazing deal's in the city right now as prices are probably 15-20% off peak in the city, the city is as dead from an investing standpoint as ive seen it since i started investing in 2015 and frankly just living here my entire life, city seems as dead as since at least pre gfc. Seems like all the investing action is in the burbs right now.