A majority of more than 100 forecasters say they expect large scale investors to sell off the bulk of homes in their portfolios in the next three to five years, boosting inventory and potentially contributing to a smoother market ahead.
Throughout the housing recovery, large scale investors have purchased thousands of homes nationwide, particularly lower priced vacant and foreclosed homes, fixing them up and keeping them in their portfolios as rental properties. This investor activity helped put a floor under sales volumes during the depth of the housing recession, but also created competition for many would be buyers and contributed to rapid price spike sin some areas.
Real estate investors, both large and small, played a crucial role in helping to stabilize markets during the darkest days of the housing recession, but a decline in investor activity now isn't necessarily a bad thing, and could have real benefits for buyers. Buyers entering the market in the next few months will not be competing with cash rich investors like they were last year.
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