Tag Archives: institutional investors

CoreLogic: Fewer Homes Underwater in Q2 2013

CoreLogic recently reported that 2.5 million U.S. mortgages have surfaced from negative equity or underwater in the second quarter of 2013. That means 41.5 million U.S. homes currently exist with a positive-equity type of mortgage. Despite an increase in mortgages, 7.1 million homes are still considered underwater due to homeowners owing more money than the […]

Institutional Investors, Cash Buyers Push Up Home Sales

RealtyTrac recently reported that a total of 14% of residential sales in the last year derived from people or institutions buying 10 or more residential properties. This is the highest level since RealtyTrac began tracking home purchases two years ago. Forty-nine percent of last month’s home sales were all-cash, up from 40% in August and […]