Top 10 cities filled with real estate investors
Single-family rentals grew fastest in these metros
(Revision: Order of cities revised 2-5-14)
The house buying market is still in a weird place, despite talk of the recovery.
Something like 40% of home sales were individuals using a mortgage, 40% were all-cash, more than about 15% were distressed sales and 5% were flips.
In fact, cash deals – presumably investors – were 42% of all U.S. house sales in December.
That's up from 38% in November, and up from 18% in December 2012.
In Florida, Wisconsin, Alabama, South Carolina and Georgia cash sales were more than 50% of homes sold in 2013.
But which cities had the most investors coming in an buying up homes?
Especially investing in order to turn properties into single-family rentals?
We asked Jed Kolko, chief economist with Trulia (TRLA), and he ran the numbers from 2005-2012.
Click below for number seven through 10.