- 2015 marks the first year-over-year increase in investment home sales since 2011.
- 62% of all investment homes purchased were single family homes.
- The South saw the highest percentage of investment home sales (39%) with the West coming in second (28%).
This is the 48th consecutive month with year-over-year price gains.
Lawrence Yun, NAR’s Chief Economist says that, “The main issue continues to be a supply & affordability problem. Finding the right property at an affordable price is burdening many potential buyers.”
Inventory is still below historic normals at a 4.4 month supply.