Is your market seeing a lot of investor activity?

[James Wise]

I read this article from Realtor Mag today. It goes over the markets with the most investor activity.

Are you operating in any of these markets?

How is it going for you?

_____________________

Investors Upbeat, Yet Cautious About 2016

Overall, institutional investors accounted for 2.6 percent of all single-family and condo sales nationwide in the first quarter, down 3.4 percent from a year ago, according to RealtyTrac.

However, among 110 metro areas with at least 1,000 single family and condo sales in the first quarter, the following had the highest share of institutional investor purchases, according to RealtyTrac’s First Quarter 2016 U.S. Cash & Institutional Investor Housing Market Report:

1. Birmingham-Hoover, Ala: 9.9%
2. Augusta-Richmond County, Ga.-S.C.: 7.4%
3. Memphis, Tenn.-Miss.-Ark.: 7%
4. York-Hanover, Pa.: 6.9%
5. Atlanta-Sandy Springs-Roswell, Ga.: 6.7%
6. Mobile, Ala.: 5.9%
7. Flint, Mich.: 5.9%
8. Cleveland-Elyria, Ohio: 5.9%
9. Akron, Ohio: 5.6%
10. Indianapolis-Carmel-Anderson, Ind.: 5.5%
11. Albuquerque, N.M.: 5.5%
12. Little Rock-North Little Rock-Conway, Ark.: 5.5%