RealEstateJournal | If Speculators Get Itchy, Residential Market Could Fall
RealEstateJournal | If Speculators Get Itchy, Residential Market Could Fall:
"The markets that are the most vulnerable to an investor-induced downturn are those with the highest share of such buyers.
According to Loan Performance, a San Francisco company which studies the mortgage market, the share of second-home and investor purchases has been between 31% and 39% in eight metro areas -- Las Vegas, San Francisco, West Palm Beach, Fla.,, Phoenix, Tucson, Ariz., Orlando, Fla., Honolulu and Monterey, Calif.
Other problematic markets with a 25% to 30% investor share include Miami, Tampa-St. Petersburg, Fresno, Calif., Riverside, Calif., San Diego, San Jose, Calif., Jacksonville, Fla. and Santa Rosa/Vallejo, Calif."
"The markets that are the most vulnerable to an investor-induced downturn are those with the highest share of such buyers.
According to Loan Performance, a San Francisco company which studies the mortgage market, the share of second-home and investor purchases has been between 31% and 39% in eight metro areas -- Las Vegas, San Francisco, West Palm Beach, Fla.,, Phoenix, Tucson, Ariz., Orlando, Fla., Honolulu and Monterey, Calif.
Other problematic markets with a 25% to 30% investor share include Miami, Tampa-St. Petersburg, Fresno, Calif., Riverside, Calif., San Diego, San Jose, Calif., Jacksonville, Fla. and Santa Rosa/Vallejo, Calif."
posted by Patrick Leblanc at 8:59 AM
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