Investing in a tight housing market

[Marcella Hoard]

• Good evening Bigger Pockets!
• We wanted to share some highlights from an article by San Antonio Express News that discusses the current trends of single family home purchases by investors in San Antonio and other large cities in Texas.

• -Investors account for about 23% of the city's single family home purchases
• -Many are focusing on San Antonio and other Texas cities because of the state’s relatively low home prices and fast-growing population
• -This is causing prices to go up for both investors and primary home buyers as the city's inventory levels are the tightest they have ever been
• -The investors buying single-family homes are responsible for a large part of the steep rise in home prices across the U.S. (not just San Antonio)

What this means for investors is that the market for single family residential purchases is more competitive than ever! Many our clients are telling us that they are having difficulties acquiring properties unless they are making a cash offer.

What are you noticing in the parts of the country you are investing in?