Nationwide, about a third of home and condo sales went to investors or other non-occupant buyers last year.
“The percent of homes being purchased by non-occupant owners has been rising across the U.S.,” said Daren Blomquist, economist with Attom Data.
Almost 40 percent of the homes sold in the Dallas area last year didn’t go to owner occupants.
Instead, those properties sold to house flippers, investors, developers and builders, according to just-released information from Attom Data Solutions.
“That’s the highest share of purchases going to non-occupants in Dallas since 2000,” said Daren Blomquist, economist with Attom Data. “The long-term average for the city of Dallas is about 25 percent, and this was way above that average.”
Many of the homes are being acquired by house flippers. That’s getting tougher to do profitably in markets like Dallas-Fort Worth that have seen huge price appreciation and have few homes up for sale.
