Institutional investors nationwide accounted for 4.6% of all single-family and condo purchases in Q2 2021, the highest level of institutional investment since Q4 2015.
Institutional Investors Increase Their Market Share in Q2 2021
According to ATTOM Data Solutions’ newly released Q2 2021 Home Sales Report, institutional investors upped their ante in single-family and condominium purchases across the country to 4.6% from 3.2% in Q1 2021 and from 2% in Q2 2020. This 4.6% was the highest purchase level of institutional investors since Q4 2015.
States with Largest Percentages of Sales to Institutional Investors in Q2 2021
ATTOM’s latest home sales report indicated that states with the largest percentages of sales to institutional investors during Q2 2021 included:
- Mississippi – 11% of all single-family and condo sales
- Arizona – 10.4%
- Georgia – 8.8%
- Nevada – 7.6%
- North Carolina – 6.7%
States with Smallest Percentages of Sales to Institutional Investors in Q2 2021
States with the smallest percentages of sales to institutional investors during Q2 2021, according to ATTOM’s latest home sales report, included:
- New Hampshire – 1.2% of all single-family and condo sales
- Rhode Island – 1.3%
- Massachusetts – 1.5%
- Hawaii – 1.5%
- Louisiana – 1.6%
Top 10 Counties with Largest Percentages of Sales to Institutional Investors in Q2 2021
The top 10 counties with the highest levels of home sales to institutional investors in Q2 2021, according to ATTOM, included:
- Lincoln County MS – 77.8%
- George County MS – 62.4%
- Webster County KY – 35.3%
- Copiah County MS – 31.3%
- Saint Martin County LA – 29.0%
- Douglas County GA – 24.4%
- Clayton County GA – 23.0%
- Henry County GA – 22.0%
- Paulding County GA – 21.1%
- Del Norte County CA – 20.1%
All-Cash Sales Accounted or 34% of All Single-Family & Condo Sales Nationwide
ATTOM’s latest home sales report indicated that all-cash sales represented 34% of all single-family and condo sales during Q2 2021. This 34% is the highest level of all-cash sales since Q1 2015. The Q2 2021 all-cash level of sales increased from 31.7% in Q1 2021 and from 20.6% in Q2 2020.
Interestingly, buyers using FHA loans during Q2 2021 accounted for only 7.9% of all single-family home purchases, the lowest level of FHA loans since Q4 2007. The latest 7.9% figure in Q1 2021 was down from 9.1% in Q1 2021 and from 12.9% in Q2 2020.
Thanks to ATTOM Data Solutions.
