The Las Vegas area experienced a wave of investor activity in the 2010 - 2014 years, normalizing greatly in 2015 as traditional buyers grew in share of overall sales. At the peak of investor activity, nearly half of all single family closings within the multiple listing service utilized cash. Currently, 23.5% of single family sales closed with cash, many of these investors. So while investor activity has clearly dwindled from just three years ago, there remains a lingering interest in single family homes as an inve... read more
Investors played the largest role ever in the Southern Nevada housing market. In the spring of 2013, cash sales were over fifty-percent of single family transactions. Presumably, a majority of these cash sales were made by investors.
Private investors, many of whom fall into the “mom & pop” category of investors, have always been a significant component of our market. Recently, institutional investors, often from the private equity world, have taken a large position in the Las Veg... read more
Some analysts have noted weak M & A activity in REITs throughout the past year. One common reason is the lack of willing sellers. Pretty natural result in this interest rate environment.
Scott Craig expands on some of these reasons here:
Recently Cole Real Estate and American Realty Capital Partners merged. Housewire has the details:
http://www.housingwire.com/articles/27597-cole-real-estate-to-merge-into-american-real... read more
Just finished reading a transcript of a Silver Bay discussion at the JPM Securities Financial Services and Real Estate Conference.
Here is one interesting quote
"But again, the institutional ownership that you read about in the papers is still very small, perhaps a 100,000, maybe 150,000 homes have been purchased over the past three, four years, and that's just tiny in comparison to the overall markets. So, we see a great deal of growth opportunity and consolidation going forward."
Th... read more
We are now in the third quarter and therefore within a reporting cycle that summarizes recent trends. One such report is our Las Vegas Residential Investor IQ report, for the summer season, which examines the single family rental market.
This report features:
Vacancy and time on market trends
Factors that influence investments such as lender owned inventory, default activity, age of inventory and seasonal patterns.
Real estate investment terms and concep... read more