A recent article by the Wall Street Journal (reposted on Realtor.com) points out that the investor share of home purchases has climbed to an all-time high, indicating that rising home prices have not hurt demand for turning them into SFRs or flipping.  Citing data from CoreLogic, they said 11% were purchased by big private-equity firms, real-estate speculators and others that buy properties.  However, when it comes to the bottom third price range, investors purchased one in five homes –  which is up 5 percentage points from the 20-year average of less than 15%.

“These are the homes that first-time home buyers would logically be buying,” said Ralph McLaughlin, deputy chief economist at CoreLogic.

Click here to read the full story on Realtor.com.

Click here to read the story at the Wall Street Journal.