Z - Institutional buyers boosted market share in hot housing market: NAR study
For the past two years, the housing market continued to heat up, with bidding wars for homes boosting prices. Part of the mix of prospective buyers are institutional buyers, or companies that buy the properties to lease them out or fix them up and sell them. The National Association of Realtors dug into the impact institutional buyers are having on home sales and single-family rentals. The study estimates the market share of institutional buyers to home sales using property deed records from Black Knight (BKI) and compares the median price of institutional buyers to the median price of all buyers. Institutional buyers made up 13.2% of the residential sales market in 2021, with the median purchase price of institutional buyers typically 26% lower than the states' median purchase prices, the NAR said. The market share increased from 11.8% in 2020, but it's still lower than the 15.7% share in 2014.
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Institutional buyers boosted market share in hot housing market: NAR study