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Investments

Top 10 cities filled with real estate investors

Single-family rentals grew fastest in these metros

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(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.

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