Investors have shown strong interest in the housing market in recent years, paying cash for homes and capitalizing on large available inventories, and making it more difficult for some homebuyers to successfully enter the market. However, the National Association of REALTORS® August 2014 REALTORS® Confidence Index shows investors are pulling back, good news for first-time buyers and those struggling to compete with all-cash sales. NAR’s survey shows that the share of investor sales dropped from 16 percent in July to 12 percent in August. Also, about 23 percent of respondents said their last transaction was a cash sale, down from 29 percent in July.
See what REALTORS® are reporting in the August 2014 REALTORS® Confidence Index about the opportunities for first-time homebuyers now that investment buyers are stepping back a bit. Talk to REALTORS® in your area about the inventory available for first-time buyers as well as any trends they have seen.