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BlogsDo You Have a CLUE ?Do Investor Purchases Reduce Housing Inventory?

Posted almost 15 years ago

Do Investor Purchases Reduce Housing Inventory?

NAR has reported that 29% of all recent sales have been cash sales. I'm not sure how many of those cash properties were purchased by investors.

Here's my question to this community.Do you feel investor/non-owner occupied sales reduce the over all housing market inventory?

 

Comments (4)

  1. Davis, You & Carlos are spot on.What the person that asked me the question regarding inventory was arguing that when an investor buys & flips a property, the housing inventory was not reduced.He was wrong as usual.

    Mike Morrison, almost 15 years ago


  2. Carlos, I agree.I don't think any reporting agency, public or private has any idea of what the true inventory of property for sale.You hit on the major glitch, the inventory is dynamic and always changing.

    Mike Morrison, almost 15 years ago


  3. I would put much worth in the stat. Too many variables to guess at who the buyers are.

    David Wedemire, almost 15 years ago


  4. The inventory isn't static, it's dynamic. Plus there was a ton of houses built during the boom. It won't truly be reduced until those that fled to live with others and apartment dwellers buy again.

    Carlos Flores, almost 15 years ago