Investors purchased a record share of Dallas-area homes last year. And these for-profit homebuyers are expected to continue to gobble up thousands of houses in North Texas and nationwide. Home investors are having the biggest impact in the lower price ranges of the Dallas home market — the same sector first-time buyers are shopping.
More than 14% of low-priced houses in the Dallas area sold to investors in 2018, according to new data by CoreLogic. Overall, more than 8% of Dallas homes of all prices were snapped up by investors. "Investor buying activity in the U.S. is at record highs," CoreLogic's Ralph McLaughlin said. "It's not the big institutional guys that are leading the increase in home buying — it's the smaller guys. "They are buying homes that are in the lower third of prices — they are essentially buying starter homes," McLaughin said at a meeting of the National Association of Real Estate Editors in Austin.
- Dallas Morning News, June 27, 2019