Who is Buying Properties? More from Chase Bank

Here is another set of interesting information from Chase. Not surprisingly, this chart indicates that damaged  REO (which stands for real estate owned, or bank owned) are being purchased by investors 60% of the time.

 

This Issue > Housing Trends > Property Price Per Region > Who is Buying Properties > Homebuyer Traffic
Issue 16 / August 2012
Housing Trends
• Arizona, California and Nevada had significant home-price gains in June.
• The investor share of damaged REO purchases decreased.
• Homebuyer traffic remained strong.
Average Property Price Per Region
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‘Prices are on the rise as inventory is low and multiple offers result in homes selling above list price.’– Agent in Arizona
Who is Buying Properties
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‘Sellers are starting to hold the line on their prices and not as willing to negotiate.’ – Agent in Florida
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