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Sales for Investment Purposes: 16 Percent of Sales

Approximately 16 percent of REALTOR® respondents reported that their last sale was for investment purposes (same as in May), according to the June 2014 REALTORS® Confidence Index. Since January of this year, the share of sales for investment purposes appears to be on the decline from the historical average of about 20 percent in recent years. For investors intending to rent out the property, rising home prices are cutting into profits even if rents continue to rise.

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Jed Smith, Managing Director, Quantitative Research

Jed Smith is Managing Director, Quantitative Research with the National Association of Realtors®. He has worked on real estate issues for the past 20 years, providing input on a variety of housing, commercial real estate, tax, and planning issues. Recently he has been involved in several international studies.

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