The second quarter of 2014 saw fewer all-cash home sales than the first quarter as institutional investors backed off from
the market. Cash buyers that kicked off two years ago when U.S. home prices hit bottom is finally showing signs of subsiding. The decline came as the share of sales to institutional investors—defined by the company as those that purchase at least 10 properties in a year—fell to its lowest level since the start of 2012. The good news is that fewer cash buyers should help loosen up inventory of homes for sale and reduce competitive bidding, giving first time homebuyers and other non-cash buyers more opportunities, read more.
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