• The analysis demonstrates that uniformly 743 homes sold from the two iBuyers were purchased by institutional investors so far in 2019, representing 9.6 % of sales by the above iBuyers combined. That’s up from 293 institutional investor purchases representing 6.6 percent in the iBuyer sales in 2017, and 65 institutional investor purchases representing 3.9 % within the iBuyer sales in 2016 See:??iBuyer Institutional Investor Purchases Chart
• The top three institutional buying entities-CERBERUS SFR HOLDINGS LP, CSH PROPERTY ONE LLC, and TAH HOLDING LP all seem associated with companies purchasing single-family homes as rentals.
• These institutional investors can be embracing iBuyers like a method of obtaining inventory all the while other options for inventory for example foreclosures have largely run out these days.
• Institutional investor purchases represented just 2.Three percent of U.S. home sales until now in 2019, down from 2.9 % in 2017 and down from a peak of 7.Four percent in 2012, good ATTOM analysis.

Historical Institutional Investor Share of Home Purchases

“There are lots of buyers, both minor and major, aiming to grow their SFR portfolios and inventory can be quite tight. This is leading to creative methods to find new product-from build-to-rent programs, off-market inventory programs, and iBuyer initiatives,” said Kevin Ortner, CEO with Renters Warehouse, a firm that manages over 22,000 SFR properties in 42 states.

“There are some firms positioning themselves to aid bring supply to satisfy the stress of investors, and I expect that may keep growing. I’m also seeing purchase of technology and data through the space allowing greater scale, efficiencies, and insights.”

“A properly priced rental home today, there exists almost limitless demand for it,” said Gary Beasley, CEO and co-founder with Roofstock, an internet based promote for SFR properties that is focusing on methods to create SFR inventory both for retail buyers and institutional buyers. “We ensure creative about how to attract this inventory, of course, if it is not open to create it.”

Read more in the ATTOM Data Solutions November 2019 Housing News Report newsletter

For all of the analysis: https://www.attomdata.com/news/market-trends/single-family-rental/2019-state-of-the-single-family-rental-market-report/

October 2019 foreclosure data is sold at the State/MSA/County/ZIP and City level. An index of the info (and heat map) is posed here: https://www.attomdata.com/news/market-trends/foreclosures/foreclosure-activity-report-october-2019/